The company said that asset write-downs may have resulted from 'possible accounting errors or irregularities' which overstated value.
Enron also warned about a potential reduction of $8-$10bn resulting from the unwinding of complex derivative contracts.
The information was disclosed in a bankruptcy filing with the US Securities & Exchange Commission.
The company's true current financial position is unclear. The last quarterly filing remains unaudited as Enron and Andersen are involved in litigation. Unsecured creditors, however, fear the worst.
Enron Write-Downs May Total $24bn
Houston-based failed energy giant Enron has confirmed that it may be forced to further write down assets by as much as $24bn.
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