ABSTRACT:- The purpose of this study is to analyze the review of business ethics in the perspective of ethical utilitarianism in the financial engineering process of financial statements conducted by Enron Corporation. This study uses a qualitative approach that only focuses on one phenomenon and is understood in depth and ignores other phenomena, in this case the authors explore the process of financial engineering of financial statements conducted by Enron Corporation. The data analysis technique used in this study is in the form of data presentation that is a collection of data and information compiled so as to provide the possibility of drawing conclusions in the form of qualitative presentations in the form of narrative texts. In providing conclusions on the case the author uses literary literature sourced from scientific journals as well as books that discuss the Enron Corporation case. The results showed a company could collapse if it was not ethical according to the ethical perspective of utilitarianism in conducting financial engineering financial statement activities.

Key words:- Enron, ethics, utilitarianism.