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After a six-week trial, Arthur Andersen was found guilty on June 16, 2002. The company was placed on probation for five years and was required to pay a $500,000 fine. Some analysts also questioned whether the company could survive after this series of incidents. The legacy of Enron/Arthur Andersen live on in various changes to the profession.
Sep 1, 2002 · Arthur Andersen, the prestigious Chicago accounting firm, had sent the eager young auditor for a routine task: to certify the inventory of a million bricks baking in the sun near Marion. But each ...
Aug 3, 2021 · In Enron's case, that was the firm of Arthur Andersen. Speaking today, Sherron Watkins says that "Enron was able to push Andersen around". Andersen had won lucrative, non-audit consulting work ...
Feb 23, 2003 · Feb. 23, 2003. ARTHUR ANDERSEN, the former accounting powerhouse that collapsed last year because of the Enron scandal, always tried hard to create a strong internal corporate culture. Carefully ...
Jul 1, 2005 · Updates. In a unanimous decision, the U.S. Supreme Court recently reversed Arthur Andersen's criminal conviction for violating a federal witness tampering statute by encouraging its employees to shred Enron documents pursuant to a document retention policy. Arthur Andersen LLP v. United States, 125 S. Ct. 2129, 2005 WL 1262915 (U.S. May 31, 2005).
Sep 23, 2021 · The scandal led to the indictment of several of the company’s executives and the downfall of its accounting firm, Arthur Andersen. Enron’s demise also spurred the Sarbanes-Oxley Act, which ...
Jun 16, 2002 · Arthur Andersen is convicted of obstruction of justice for impeding investigation by securities regulators into finanical debacle at Enron; soon afterward, Andersen informs government that it will ...
