This paper discusses one of the biggest and the most intriguing financial frauds in business in the Europeon Union. More so because the problem of this scandal is related to the concept of a firm's social responsibility. I will explain the aforementioned problem within 2 main chapters. In the first of the 2 chapters, I shall refer to the history of the company and the ways in which it operated from the business side. Within the second chapter, I will evaluate the fraud case through the ethical perspective of the term management responsibility. The most notorious accounting scandal at its time, the case of „Enron“ is a synonim for the abuse and forgery of financial statements. The mortgage of sixty-three point four dolars billion was a major corporate financial collapse in United States history. Therefore the bankruptcy of Enron was the most significant bankruptcy in US history by that point because it affected the lives of hudreds of workers, several retirement plans and had shaken the foundations of Wall Street itself. Enron was a massive American energy company and had the largest power in the energy sector in US, as well as strong position in the world market. Throughout six consecutive years, the american „Fortune“ magazine had rated Enron the most innovative large company. Though, as a matter of fact, the company was rotten at its core. The scandal surrounding Agrokor is the most similar example to the Italian „Parmalat“ company scandal due to an almost identical business sector as well as the company's impact on the national economy. Just like Agrokor in Croatia, Italy considered Parmalat a company of strategic interest. The key cause for the Agrokor case was a soaring rise in demand in the retail industry. In an attempt to increase its own company scope and take over future markets, Agrokor invested large sums of money into taking over other companies.