Skip to comments.Arthur Andersen indicted for obstruction of justice in Enron scandal (BREAKING AT DRUDGE)
Posted on 03/14/2002 12:12:00 PM PST by TLBSHOW
Arthur Andersen indicted for obstruction of justice in Enron scandal
NOTHING FOLLOWS YET
By the way, I had a CPA business math professor tell me to
ALWAYS record conversations with accountants and lawyers.
They tell you how to avoid taxes, you do the bad thing thinking the accountant or lawyer
will take the fall for you, but NO, unless you have proof they gave you such advice.
record the sucker, even if it's illegal
These Enron/Andersen stories would really be pepped up if someone could just get the FBI to start "accidently" shooting some of the executives...
You might want to take a few minutes to see what has been documented and discussed re Arthur Andersen by your fellow Freepers on Free Republic.
There is probably a great story here if any fish wrap had honest reporters, editors and publishers.
Seamole may have even more indexing on this incredible story!
My thought exactly! Can any Freeper legal experts tell us how a corporation can be criminally liable, not the officers who were actually responible?
Hey Southack - You're no FUN anymore.
We have been agreeing too much lately.
BTW - Arthur Andersen is the real culprit in the Enron mess, as CPA firms are mandated to protect the PUBLIC.
Two completely different companies. Accenture (nee Andersen Consulting) has been independent of AA since the late 80's...
No, but for a couple of sleezebags, it's going to feel like Gay Day for about 10-20. *grin*
NEW YORK, Jan. 22, 2002 In response to inquiries resulting from recent media coverage regarding the Andersen/Enron matter, Accenture (NYSE: ACN) today made the following statement:
Some of the news coverage of the current situation facing Arthur Andersen and Enron contains misconceptions and inaccuracies about the historical relationship between Accenture and Arthur Andersen.
Accenture is not and never has been engaged in the practice of public accounting. Accenture had no involvement in Arthur Andersen's audit services, including audit services to Enron.
Accenture LLP and Arthur Andersen LLP have been separate legal entities and have operated independently since 1989.
In 1990, the United States Securities and Exchange Commission formally recognized Accenture LLP as an entity separate and distinct from Arthur Andersen LLP.
In August 2000, based on an arbitrator's decision in the International Chamber of Commerce proceedings commenced by Accenture in 1997, all remaining historical contractual ties between Arthur Andersen and Accenture were completely severed.
No, that would ruin the tax base. Just draft the AA (soon to be ex) employees and send them to Afghanistan...with a bright red target painted on their backs...
Moot question. AA executive officers brought the walls down themselves. If there's a market out there for 85,000 acccounting professionals and support personnel, the displaced will find employment forthwith.
More than that, isn't AA a "limited liability partnership"?
My guess is that AA will "dissolve", the partners will walk away with millions, the 85,000 employees will look for other jobs and the next of the "Big Four" will be looked at.
BTW, my son is everlastingly happy that he left AA five years ago.