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
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.