Search results
On January 17, 2002, Enron dismissed Arthur Andersen as its auditor, citing its accounting advice and the destruction of documents. Andersen countered that it had already ended its relationship with the company when Enron became bankrupt.
- Kenneth Lay
Kenneth Lee Lay (April 15, 1942 – July 5, 2006) was an...
- WorldCom Scandal
The WorldCom scandal was a major accounting scandal that...
- Arthur Andersen
On June 15, 2002, Andersen was convicted of obstruction of...
- Accounting Scandal
Accounting scandals are business scandals which arise from...
- Jeffrey Skilling
Jeffrey Keith Skilling (born November 25, 1953) is an...
- Rebecca Mark
Rebecca P. Mark-Jusbasche (born August 13, 1954, Kirksville,...
- Five Largest
Since the 1980s, numerous mergers and one major scandal...
- Jim Chanos
Main page; Contents; Current events; Random article; About...
- Special Purpose Entity
A special-purpose entity (SPE; or, in Europe and India,...
- John D. Arnold
John Douglas Arnold (born 1974) is an American...
- Kenneth Lay
On June 15, 2002, Andersen was convicted of obstruction of justice for shredding documents related to its audit of Enron. Although the Supreme Court reversed the firm's conviction, the impact of the scandal combined with the findings of criminal complicity ultimately destroyed the firm.
The Enron scandal was a series of events that resulted in the bankruptcy of the U.S. energy, commodities, and services company Enron Corporation in 2001 and the dissolution of Arthur Andersen LLP, which had been one of the largest auditing and accounting companies in the world.
Arthur Andersen LLP v. United States, 544 U.S. 696 (2005), was a United States Supreme Court case in which the Court unanimously overturned accounting firm Arthur Andersen's conviction of obstruction of justice in the fraudulent activities and subsequent collapse of Enron.
Jan 18, 2006 · March 14 - Former Enron auditor Arthur Andersen LLP indicted for destroying Enron-related documents to thwart investigators.
• Arthur Andersen legal counsel instructs workers who audit Enron's books to destroy all but the most basic documents. October 16 • Enron reports a third-quarter loss of $618 million.
People also ask
What was Arthur Andersen LLP v United States?
Why did Arthur Andersen destroy Enron documents?
What happened to Arthur Andersen?
Why was Arthur Andersen accused of reckless standards?
Aug 3, 2021 · Accountancy firm Arthur Andersen saw its reputation destroyed by the Enron scandal. In the UK, there was little or no reform in response to Enron. And according to Labour peer Prem Sikka,...
