1. Arthur Andersen
... firms, grossing over $9 billion in sales during 2001. The company, with 85,000 employees working in 84 countries, audits the financial statements of most publicly traded companies in the U.S. At Arthur Andersen there were a great number of critical problems confronting the company. 1. David Duncan, one of the partners responsible for Enron's auditing, was inappropriately misusing the accounting treatment of SPEs. 2. Due ... what happened to Enron. Finally, Duncan overpowered Bass and the Group. Duncan was able to exercise his power to overrule the Group and rejected their conclusions. T...
- Word Count: 679
- Approx Pages: 3
- Grade Level: Undergraduate