Headlines

The almanac

UPI Almanac for Thursday, March 14, 2013.
By United Press International

The almanac

UPI Almanac for Wednesday, March 14, 2012.
By United Press International
Enron cases continue seven years later

Enron cases continue seven years later

HOUSTON, Aug. 7 (UPI) -- Federal prosecutors are fighting to preserve the integrity of the Enron prosecutions to prove they had the right approach, court and Wall Street observers said.

The almanac

UPI Almanac for Sunday, June 15, 2008.
By United Press International

The almanac

UPI Almanac for Friday, March 14, 2008.
By United Press International

Ousted Freddie Mac chief gets day in court

WASHINGTON, Oct. 11 (UPI) -- Leland Brendsel was removed as head of the U.S. mortgage funder Freddie Mac four years ago and charged with elaborate accounting manipulations.

The Almanac

UPI almanac for Friday, June 15, 2007.

U.S. Supreme Court rejects Enron challenge

WASHINGTON, April 16 (UPI) -- The U.S. Supreme Court Monday let stand a lower court ruling that threw out Enron Corp. founder Kenneth Lay's conviction after he died.

The Almanac

UPI almanac for Wednesday, March 14, 2007.
By United Press International

'Big 4' firms seek liability relief

WASHINGTON, March 9 (UPI) -- The "Big Four" U.S. accounting firms are lobbying regulators for liability relief in case clients get in trouble for misdeeds, a published report said Friday.

Enron's accountant gets 5.5 years

HOUSTON, Nov. 16 (UPI) -- A Houston federal judge sentenced Enron Corp.'s former chief accountant to 5.5 years behind bars for his role in the scam that killed the company

The Almanac

Today is Thursday, June 15, the 166th day of 2006 with 199 to follow.
By United Press International

The Almanac

Today is Sunday, April 9, the 99th day of 2006 with 266 to follow.
By United Press International

Quattrone conviction overturned

NEW YORK, March 21 (UPI) -- In a big setback to the Justice Department, a U.S. appeals court set aside the obstruction of justice conviction of investment banker Frank P. Quattrone.

The Almanac

Today is Tuesday, March 14, the 73rd day of 2006 with 292 to follow.
By United Press International
Prev
Page 1 of 19
Photos
1 of 14
Wiki

Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms among PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG, providing auditing, tax, and consulting services to large corporations. In 2002, the firm voluntarily surrendered its licenses to practice as Certified Public Accountants in the United States after being found guilty of criminal charges relating to the firm's handling of the auditing of Enron, the energy corporation, resulting in the loss of 85,000 jobs. Although the verdict was subsequently overturned by the Supreme Court of the United States, it has not returned as a viable business.

One of the few revenue-generating assets that the Andersen firm still has is The Q Center, a conference and training facility outside of Chicago. The former consultancy arm of the firm, now known as Accenture, which had split from the accountancy side in 1987 and renamed themselves after splitting from Andersen Worldwide in 2000, continues to operate.

Andersen was orphaned at the age of 16 at which point he began working as a mailboy by day and attended school at night, eventually being hired as the assistant to the controller of Allis-Chalmers in Chicago. At 23 he became the youngest CPA in Illinois.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Arthur Andersen."
x
Feedback