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Topic: Arthur Andersen

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	FindLaw Legal News - Indictment (U.S. v. Arthur Andersen, LLP)
		ARTHUR ANDERSEN, LLP ("ANDERSEN), is a partnership that performs, among other things, accounting and consulting services' for clients that operate businesses throughout the United States and the world.
		The approximately $1.2 billion reduction in shareholder equity disclosed to analysts on October 16, 2001, was necessitated by ANDERSEN and Enron having previously improperly categorized hundreds of millions of dollars as an increase, rather than a decrease, to Enron shareholder equity.
		The shredder at the ANDERSEN office at the Enron building was used virtually constantly and, to handle the overload, dozens of large trunks filled with Enron documents were sent to ANDERSEN's main Houston office to be shredded.
	news.findlaw.com /hdocs/docs/enron/usandersen030702ind.html (0 words)

	Andersen loses criminal trial - Jun. 13, 2002
		Andersen had claimed that the documents were destroyed as part of its housekeeping duties and not as a ruse to keep Enron documents away from the regulators.
		How successful Andersen will be in their attempt to overturn the verdict is unclear.
		Andersen lead defense attorney Rusty Hardin, in a conference afterward, said that the accounting firm was fighting for its legacy.
	money.cnn.com /2002/06/13/news/andersen_verdict (1106 words)

	Corporation Finance: FAQ, Application of Requirements for Arthur Andersen Auditing Clients
		This letter must also state that there was appropriate continuity of Andersen personnel working on audits, availability of national office consultation and availability of personnel at foreign affiliates of Andersen to conduct the relevant portions of the audit.
		In this regard, issued means the earlier of the date the report was given to the issuer or the date Andersen formally approved the inclusion of its report in a filing.
		The specified assurances from Andersen should be as of the date the accountants' report was issued.
	www.sec.gov /divisions/corpfin/guidance/andersenfaq.htm (1429 words)

	Arthur Andersen at AllExperts
		Andersen, who headed the firm until his death in 1947, was a zealous supporter of high standards in the accounting industry.
		Arthur Andersen has been alleged to have been involved in the fraudulent accounting and auditing of Sunbeam Products, Waste Management, Inc., Asia Pulp and Paper, and the Baptist Foundation of Arizona, as well as the famous Enron case, among others.
		On June 15, 2002, Andersen was convicted of obstruction of justice for shredding documents related to its audit of Enron.
	en.allexperts.com /e/a/ar/arthur_andersen.htm (1191 words)

	Arthur Andersen, Norwegian-American: a Linkpage
		The accountancy principles, the ethical principles, espoused and practiced by Arthur Andersen, the man, were abandoned by the company bearing his name (at the end, bearing only his surname).
		The son of a Norwegian immigrant, Arthur Andersen was left on his own at the age of 16 after the deaths of his parents.
		Andersen had an unwavering faith in education as the basis upon which the new profession of accounting should be developed.
	www.lawzone.com /half-nor/andersen.htm (657 words)

	Arthur Andersen LLP v. United States at AllExperts
		During the fall of Enron, Arthur Andersen, who was Enron's accounting firm, instructed its employees to destroy documents relating to Enron after Andersen officials learned they would soon be investigated by the Securities and Exchange commission.
		Andersen filed a writ of certiorari to the Supreme Court, which was granted.
		Arthur Andersen managers did instruct their employees to delete Enron-related files, but those actions were within their document retention policy.
	en.allexperts.com /e/a/ar/arthur_andersen_llp_v._united_states.htm (407 words)

	Arthur Andersen
		Arthur Andersen is to acquire the UK division of Xpedior, the US web consultancy, for undisclosed terms, and the business will be renamed Arthur Andersen Digital Solutions.
		Arthur Andersen has withdrawn from talks to acquire Wilde Sapte, the City law firm, following the departure of certain staff since the deal was announced in March.
		Arthur Andersen is planning to move into the market for financial legal services through a link-up with Wilde Sapte, a leading UK law firm.
	www.ukbusinesspark.co.uk /arn55748.htm (173 words)

	Court Overturns Arthur Andersen Conviction - General - RedOrbit
		Government attorneys argued that Andersen should be held responsible for instructing its employees to "undertake an unprecedented campaign of document destruction." It said Andersen was guilty under an obstruction law that makes it a crime to "corruptly persuade" others to destroy documents.
		At trial, Andersen argued that employees who shredded tons of documents followed the policy and there was no intent to thwart the SEC investigation.
		According to Andersen attorneys, notes and drafts of documents were thrown away under the firm's document-retention policy in part because they were preliminary and could have been misconstrued.
	www.redorbit.com /news/general/152811/court_overturns_arthur_andersen_conviction/index.html (653 words)

	Baptist Foundation of Arizona v. Arthur Andersen, LLP - Bernstein Litowitz Berger & Grossmann LLP (Site not responding. Last check: )
		Arthur Andersen, LLP - Bernstein Litowitz Berger and Grossmann LLP
		On May 6, 2002, Arthur Andersen ("Andersen") agreed to pay $217 million to settle this accounting malpractice litigation resulting from Andersen's involvement in the November 1999 collapse of the Baptist Foundation of Arizona ("BFA"), the largest non-profit bankruptcy in United States history.
		At issue were allegations that Andersen, BFA's former auditor, had been negligent and breached its fiduciary duties in failing to disclose serious financial improprieties by former BFA senior managers, even after a series of whistleblowers alerted Andersen to the ongoing fraud.
	www.blbglaw.com /cases/bfa_v_arthur_andersen.html (429 words)

	Arthur Andersen - Wikicpa
		Arthur Andersen LLP, based in Chicago, Illinois, was once one of the Big Five accounting firms, performing auditing, tax, and consulting services for large corporations.
		The firm of Arthur Andersen was founded in 1913 by Arthur Andersen and Clarence DeLany as Andersen, DeLany and Co. The firm changed its name to Arthur Andersen and Co. in 1918.
		In the court's view, the instructions allowed the jury to convict Andersen without proving that the firm knew it broke the law or that there was a link to any official proceeding that prohibited the destruction of documents.
	www.wikicpa.com /index.php/Arthur_Andersen (1162 words)

	The Seattle Times: Business & Technology: Milberg Weiss case may resemble Arthur Andersen's
		Andersen was convicted of obstruction of justice related to the Enron Corp. fraud.
		The indictment of Arthur Andersen proved to be a mistake for the government because the firm had collapsed by the time it the Supreme Court had erased its conviction.
		Arthur Andersen relinquished permits to practice public accountancy to state regulators in 2002 after being convicted of obstructing justice by shredding documents related to the collapse of Enron Corp. Before the conviction, the accounting firm had lost hundreds of clients following Enron's restatement of $586 million in profits.
	seattletimes.nwsource.com /html/businesstechnology/2003006253_webmilbergweiss19.html (1101 words)

	03-14-02: Deputy Attorney General Transcript News Conference - Arthur Andersen Indictment DOJ Conference Center (Site not responding. Last check: )
		By October 19th, Enron notified Andersen that the SEC was investigating the Enron special-purpose entities that Andersen, itself, had helped to establish, enabling Enron to camouflage the true financial condition of the company.
		Arthur Andersen is charged with a crime that attacks the justice system itself by impeding investigators and regulators from getting at the truth.
		Q There has been some concern raised that if Andersen were to be indicted and disappear from the market, that we have sort of 2,300 public companies who have Andersen as an auditor who might be in some state of chaos if this were -- Andersen were to disappear.
	www.usdoj.gov /dag/speech/2002/031402newsconferncearthurandersen.htm (2256 words)

	Enron: Who's Accountable? -- Sunday, Jan. 13, 2002 -- Page 1 -- TIME (Site not responding. Last check: )
		Supervisors at Arthur Andersen repeatedly reminded their employees of the document-destruction memo in the weeks leading up to the first Security and Exchange Commission subpoenas that were issued on Nov. 8.
		Sources close to Arthur Andersen confirm the basic contents of the memo, but spokesman David Tabolt said it would be "inappropriate" to discuss it until the company completes its own review of the explosive issue.
		As for Arthur Andersen, criminal charges could result if it can be shown that its executives ordered the destruction of documents while being aware of the existence of a subpoena for them.
	www.time.com /time/business/article/0,8599,193520,00.html (2693 words)

	Arthur Andersen, Andersen Consulting Must Split Up (Breaking News) \| SmartMoney.com
		Arthur Andersen could be forced to deal with new rules from the U.S. Securities and Exchange Commission that would dramatically cut the ability of accounting firms to do consulting work, on the theory that doing other work for an audit client could compromise the integrity of the audits.
		Arthur Andersen strongly opposes the SEC proposal, maintaining that its audits are of the highest integrity.
		Arthur Andersen hired the former secretary general of the International Chamber of Commerce, which oversees the International Court of Arbitration, to help defend itself and convinced a disgruntled former Andersen Consulting partner to testify on their behalf.
	www.smartmoney.com /bn/smw/index.cfm?story=20000807095920 (1666 words)

	BBC NEWS \| Politics \| Labour's Arthur Andersen links
		The then Prime Minister, Margaret Thatcher, was furious with Arthur Andersen, accountants to De Lorean, for failing to prevent the fiasco.
		Nonetheless, in Andersen's case it has prompted questions, not least because the government has commissioned the company to do lucrative work in the last five years, including reports on Railtrack and the London Underground.
		Confusion is added to the Andersen angle by the fact that Accenture (the renamed Andersen Consulting), until 2000 its sister company, has also been close to Labour - Trade Secretary Patricia Hewitt used to be its research director.
	news.bbc.co.uk /1/hi/uk_politics/1791168.stm (730 words)

	Arthur Andersen slips the noose - Business - Business - theage.com.au
		Andersen's indictment sent clients scrambling for the exits and quickly led the firm to shut its doors — at a cost of 28,000 jobs in the US.
		Separately, former Andersen partner David B. Duncan, who pleaded guilty to a single count of obstructing justice and testified against his employer at trial, moved on Tuesday to withdraw the plea, citing the Supreme Court decision.
		Andersen came under intense scrutiny in 2002 amid disclosures that it had shredded tonnes of Enron-related documents as investigators probed accounting troubles at the energy trader.
	www.theage.com.au /news/business/arthur-andersen-slips-the-noose/2005/11/24/1132703316280.html (615 words)

	CNN.com - Arthur Andersen conviction overturned - May 31, 2005
		The ruling threw the case back to lower federal courts to sort out, but it gave no indication whether Arthur Andersen would be granted a new trial.
		Andersen officials were convicted in June 2002 of obstruction of justice over the massive document destruction relating to its work for Enron, the energy services giant which a year before was facing a government probe of its complex finances.
		Andersen itself is now nearly defunct, with only about 200 employees left, mostly handling pending legal matters.
	www.cnn.com /2005/LAW/05/31/scotus.arthur.andersen/index.html (615 words)

	News Alert 1/16/02: Andersen
		Andersen was the fifth biggest donor to Bush’s White House run, contributing nearly $146,000 via its employees and PAC.
		In Andersen’s case, it nearly doubled its campaign contributions—going from $825,000 in overall spending during the 1997-98 election cycle to more than $1.4 million in 1999-2000.
		Andersen, according to press reports, collected $25 million in auditing fees and $27 million in consulting fees from Enron during 2001.
	www.opensecrets.org /alerts/v6/alertv6_38.asp (481 words)

	ITworld.com - Arthur Andersen axes 7,000 jobs (Site not responding. Last check: )
		Arthur Andersen LLP will lay off about 7,000 employees, or just over a quarter of its workforce of 26,000, as the company continues struggling to survive its role in the Enron Corp. scandal.
		Arthur Andersen's top management has indicated repeatedly in recent weeks that it intends to restructure the company as mandated by the Independent Oversight Board (IOB) it created in February.
		Arthur Andersen provided both audit and consulting services to energy trader Enron, whose accounting practices are at the center of its bankruptcy scandal.
	www.itworld.com /Man/3859/020409arthurandersen/page_1.html (541 words)

	[No title] (Site not responding. Last check: )
		"Arthur Andersen is committed to staying at the forefront of technology advances," Grass continued.
		Andersen said its officials had been reminding employees of the firm's policy of disposing of documents that are no longer needed.
		Andersen Consulting has had a running battle with Arthur Andersen and Andersen Worldwide over Arthur Andersen's encroachment on the management and technology consulting firm's space.
	www.lycos.com /info/arthur--arthur-andersen.html (393 words)

	USATODAY.com - High court to review Arthur Andersen's Enron conviction (Site not responding. Last check: )
		Andersen was charged with obstruction of justice for mass destruction of Enron-related documents in late 2001 as the Securities and Exchange Commission began investigating the energy company's convoluted finances.
		Andersen put in practice a little-known document retention policy that called for destroying unneeded documentation to streamline needlessly fat files.
		Andersen argued during trial that employees who shredded tons of documents followed the policy and there was no intent to thwart the SEC investigation.
	www.usatoday.com /money/industries/banking/2005-01-07-arthur-andersen_x.htm (299 words)

	Andersen Innocent? Think Again. [Fool.com] June 01, 2005 (Site not responding. Last check: )
		So when Andersen's PR guy characterized the court's decision as dispelling "an unjustified cloud over the professionalism and integrity of the people of Arthur Andersen," that's a bit of a stretch.
		And when Andersen's attorney asserted that the company and its employees "never intended to do anything wrong" and "certainly never intended to obstruct justice," well, that's what he's paid to say, of course.
		Andersen may no longer be officially "guilty," but its actions were far from innocent.
	www.fool.com /investing/small-cap/2005/06/01/andersen-innocent-think-again.aspx (519 words)

	White Collar Crime Prof Blog: Arthur Andersen
		Arthur Andersen LLP appears to be nearing the end of its run as a litigant, perhaps its final acts as a legal entity.
		Today, Andersen was the final defendant to settle in the WorldCom securities fraud class action litigation that has resulted in payments by investment banks and Worldcom's former directors of over $6 billion (earlier post here).
		Arthur Andersen's appeal of its obstruction of justice conviction in the Supreme Court will be argued this week, and as discussed in this excellent post on the SCOTUS Blog (here), the first team will be speaking to the court: Maureen Mahoney from Latham and Watkins and Michael Dreeben from the Solicitor General's office.
	lawprofessors.typepad.com /whitecollarcrime_blog/arthur_andersen/index.html (3743 words)

	U.S. Ends Prosecution Of Arthur Andersen (Site not responding. Last check: )
		Andersen's indictment sent clients scrambling for the exits and quickly led the firm to shut its doors -- at a cost of 28,000 jobs in the United States.
		Separately, former Andersen partner David B. Duncan, who pleaded guilty to a single count of obstructing justice and testified against his employer at trial, moved [last week] to withdraw the plea, citing the Supreme Court decision.
		Andersen came under intense scrutiny in 2002 amid disclosures that the firm had shredded tons of Enron-related documents as investigators probed accounting troubles at the Houston energy trader.
	accounting.smartpros.com /x50762.xml (798 words)

	After Andersen, accounting worries stick \| CNET News.com
		While Arthur Andersen and Enron are on their way to becoming footnotes of American business, the bookkeeping questions they raised threaten to drag down tech companies.
		Immediately after the verdict, which Arthur Andersen said it will appeal, the company informed the SEC that it intends to discontinue auditing public companies by the end of August.
		Peregrine, which dropped Arthur Andersen in April, said in May that it would restate its earnings for fiscal 2000 and 2001, and for the first three quarters of 2003.
	news.com.com /2100-1017-936813.html (752 words)

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