Enron’s former CFO and convicted felon Andrew Fastow talks with the CFO writer who first chronicled his “groundbreaking” manipulation of accounting rules.
Bethany McLean, co-author (with Peter Elkind) of the book, “The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron,” has stated on more than one occasion that what Fastow perpetrated was “legal fraud,” an oxymoron suggesting that a CFO can follow the rules and exploit them to such an extent that the end result is fraud.
http://www.cfo.com/risk-compliance/2019/04/first-person-andy-fastow-and-me/
If your job has anything to do with accounting, in fact, if you’ve ever met an accountant, you should read this article. It’s available at www.cfo.com/risk-compliance/2019/04/first-person-andy-fastow-and-me/