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Arthur Andersen, Arthur Andersen LLP was one of the largest public accounting firms in the 1990s, with more than 85,000 employees operating in 84 countries. During the last decade of the partnership’s life, auditors at several regional offices failed to detect, ignored, or approved accounting frauds for large clients paying lucrative consulting fees, including Enron Corp. and WorldCom Inc.
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 .
After a six-week trial, Arthur Andersen was found guilty on June 16, 2002. The company was placed on probation for five years and was required to pay a $500,000 fine. Some analysts also questioned whether the company could survive after this series of incidents. The legacy of Enron/Arthur Andersen live on in various changes to the profession.
Arthur Andersen LLP was een van de grootste accountantskantoren ter wereld met hoofdkantoor in Chicago. Als een van de "Big Five", leverde Arthur Andersen (naast KPMG, Deloitte & Touche, PricewaterhouseCoopers en Ernst & Young) accountantsdiensten aan 's werelds grootste ondernemingen.
Accountants still joke about Arthur Andersen. When the SEC in June announced its $100 million fine against Ernst & Young for exam cheating, Jacob Jellison, a tax accountant at professional-services firm Moss Adams LLP, quipped that EY employees must feel lucky they’re not working for Arthur Andersen because of what happened to the firm.
Enron scandal, series of events that resulted in the bankruptcy of the U.S. energy, commodities, and services company Enron Corporation and the dissolution of Arthur Andersen LLP, which had been one of the largest auditing and accounting companies in the world. The collapse of Enron, which held more than $60 billion in assets, involved one of the biggest bankruptcy filings in the history of ...
Arthur Levitt Jr. (born February 3, 1931) is the former Chairman of the United States Securities and Exchange Commission (SEC). He served from 1993 to 2001 as the twenty-fifth and longest-serving chairman of the commission.
Hans Christian Andersen: Directed by Charles Vidor. With Danny Kaye, Farley Granger, Zizi Jeanmaire, Joseph Walsh. The opening scene of the movie describes it best: "Once upon a time there lived in Denmark a great storyteller named Hans Christian Andersen.
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