Arthur Andersen in the Enron Case,에론,Enron

Arthur Andersen in theEnron Case
Contents
Introduction of Arthur Andersen

Arthur Andersen in Enron Case

Consequences of Enron Case

Lessons from Enron Case
Introduction of Arthur Andersen

One of “Big Five” Accounting Firms

Founded by Arthur Andersen, 1913
Supporter of Integrity of independent audits

↑Reputation for honesty, integrity, ethics

Introduction of Arthur Andersen
As time passed, change in Philosophy

Increased focus on:
Consulting wing
Growth- capturing many big clients
Maximizing Profits

Guilty verdict of obstruction of justice
→ Collapse in June 2002
Enron Case
Arthur Andersen was Enron’s accounting firm

Enron’s bankruptcy raised questions about its financial statements

U.S. Justice Department conducted criminal investigation

Andersen convicted of shredding Enron audits

“Enron robbed the bank, Andersen provided the getaway car.” Rep. Jim Greenwood
Andersen and Enron - Relationship
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[pptx/pdf]Arthur Andersen in the Enron Case,에론,Enron