ENRON Documentary (1 Viewer)

[blue_chameleon]

Nah Andersen went down because it was convicted of obstruction of justice (now overturned) for the document shredding and had to surrender its practicing licences to the SEC. even though the conviction has been overturned, practically all of its clients had deserted it and its international network disintergrated.

Technically, Andersen has been found to have done nothing wrong (so far) despite being insanely incompetent and conflicted (and arguably unethical or criminal). The document shredding was in line with its document retention policy and I believe it was meant to comply with privacy requirements for its clients.

Andersen still operates but it has about 200 staff now and they mainly deal with lawsuits.

a sad sad day for the accounting profession

Awesome. You sound like you have researched this a fair bit yeah?

 

[Tulipa]

Nah Andersen went down because it was convicted of obstruction of justice (now overturned) for the document shredding and had to surrender its practicing licences to the SEC. even though the conviction has been overturned, practically all of its clients had deserted it and its international network disintergrated.

Technically, Andersen has been found to have done nothing wrong (so far) despite being insanely incompetent and conflicted (and arguably unethical or criminal). The document shredding was in line with its document retention policy and I believe it was meant to comply with privacy requirements for its clients.

Andersen still operates but it has about 200 staff now and they mainly deal with lawsuits.

a sad sad day for the accounting profession

exactly. it was odd also how anderson was the first indicted, and thus the first to really be punished and only now are the trials of skilling and leahy going ahead.

a lot of people aren't aware that the conviction was overturned, which has resulted in so many Andersen accounting jokes. *sigh*

 

[humphreybear]

Awesome. You sound like you have researched this a fair bit yeah?

lol nah i pretty much just read it off here www.geocities.com/trekkieaccountant/andersen.pdf