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Arthur Andersen, LLP
Arthur Andersen, LLP, was the largest public accounting firm in the 1990s, with more than 85,000 employees operating in 84 countries. During the last decade of the partnership’s life, auditors at several regional offices failed to detect, ignored, or approved accounting frauds for large clients paying lucrative consulting fees, including Enron and WorldCom. In 2002, the partnership was found guilty of obstruction of justice for destroying documents related to the Enron audit, a decision later unanimously overturned by the U.S. Supreme Court.
Consulting Schemes
Arthur Andersen, LLP, headquartered in Chicago, was founded in 1913 by Arthur E. Andersen, who had a reputation for honesty and acting with integrity. For more than half a century, Arthur Andersen was primarily an auditing firm focused on providing high-quality standardized audits. ...
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