Download Inside Arthur Andersen: Shifting Values, Unexpected by Susan E. Squires, Cynthia J. Smith, Lorna McDougall, William PDF

By Susan E. Squires, Cynthia J. Smith, Lorna McDougall, William R. Yeack

This booklet fails to stay as much as its promise - there's a bargain of repetition during the e-book either when it comes to assertions and content material.

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Additional info for Inside Arthur Andersen: Shifting Values, Unexpected Consequences

Sample text

Eventually, the Department of Justice was left with little against Andersen. It finally indicted the firm on one charge of obstruction of justice because the company had allegedly withheld, altered, and destroyed evidence the SEC needed to investigate Enron. Andersen’s trial began on May 17, 2002 and ran until June 16. Before sending the jury to deliberate, the trial judge, Melinda Harmon, gave the jury a particularly long and detailed set of instructions about how to carry out its duties. She warned them that the evidence provided by David Duncan, who had agreed to testify for the prosecution in exchange for leniency in his sentencing, was to be treated with special care.

In reaction to the crisis following the 1929 stock market crash, which touched off a long period of global economic depression, the SEC was created. In one of its first actions, the SEC moved to limit potential for conflict of interest in public accounting firms by prohibiting them from being corporations with investors. Accounting firms had traditionally been partnerships, but this made it mandatory. The partners fought bitterly over their options. “The arguments became . . ”2 Things became even more complicated when Andersen’s son, Arthur Arnold, tried to step back in and take over.

11. 12. 13. 14. 15. 16. 17. 18. Arthur Andersen & Co. 1974. The First Sixty Years: 1913–1973. p. 5. Arthur Andersen & Co. 1988. A Vision of Grandeur. p. 56. Arthur Andersen & Co. 1974. The First Sixty Years: 1913–1973. p. 5. Arthur Andersen & Co. 1974. The First Sixty Years: 1913–1973. p. 29. Arthur Andersen & Co. 1974. The First Sixty Years: 1913–1973. 29. Arthur Andersen & Co. 1974. The First Sixty Years: 1913–1973. Arthur Andersen & Co. 1974. The First Sixty Years: 1913–1973. pp. 18–24. Spacek, Leonard.

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