Arthur Andersen also arrived beneath extreme scrutiny, As well as in March 2002, the U.S. Division of Justice indicted the company for obstruction of justice. Consumers eager to assure traders that their economic statements could meet up with the highest accounting specifications abandoned Andersen for its opponents. They were being before long accompanied by Andersen workers and whole places of work.

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Mark-to-current market accounting allowed the organization to write unrealized future gains from some investing contracts into current money statements, Therefore offering the illusion of larger recent earnings.

The case’s track record. This individual info incorporates each and every significant detail on a problem, the selected cite, and its great importance for Other individuals.

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