National Journal
Full Disclosure

...Had the board's rules been put into practice, they would have addressed only a few of the excesses that plagued many corporate balance sheets in the late 1990s. The rules most certainly would not, by themselves, have prevented the Enron implosion. Still, "Enron tells you why you should care" about disputes over financial reporting rules, said J. Edward Ketz, an associate professor of accounting at Pennsylvania State University. The exaggeration of profits played a big part in creating the late-1990s bubble, he said. For information on how to receive the full story, contact Steve Infanti in the Smeal College Media Relations' Office at smi3@psu.edu .

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REPORTERS & EDITORS: For more information, please contact Wyatt DuBois in the Smeal College of Business Media Relations Office at 814-863-3798 or wed112@psu.edu .

Penn State's Smeal College of Business offers highly ranked undergraduate, MBA, executive MBA, Ph.D., and executive education opportunities to more than 5,500 students at all levels. Featuring academic departments of accounting, finance, marketing, insurance and real estate, management, and supply chain and information systems, the college is also home to major research centers such as the Center for Supply Chain Research, the Institute for the Study of Business Markets, the eBusiness Research Center, the Farrell Center for Corporate Innovation and Entrepreneurship, the Center for Global Business Studies, and the Center for the Management of Technological and Organizational Change.

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