Final Accounting: Ambition, Greed and the Fall of Arthur Andersen

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Author: Jennifer Reingold

ISBN-10: 0767913833

ISBN-13: 9780767913836

Category: Financial Industry - History

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A withering exposé of the unethical practices that triggered the indictment and collapse of the legendary accounting firm.Arthur Andersen's conviction on obstruction of justice charges related to the Enron debacle spelled the abrupt end of the 88-year-old accounting firm. The Washington Post Indeed, for an insider's story, Final Accounting doesn't take us very far inside Andersen. "By the time I got to the firm in 1995," Toffler states, "it was, to me, a place where people had begun to talk and think more crooked than straight." Which means Final Accounting tells us little we don't already know about the decline of standards at the firm. Toffler says Andersen's consulting business — now Accenture — created conflicts of interest, while Andersen's accountants and management lacked the resolve to stand up to troublesome clients, including Enron. But many observers were also saying this well before Andersen became extinct. — Peter Dizikes

1The Andersen Way12The Making of an Android93The Cult in Culture374Cain and Abel Andersen695Billing Our Brains Out1016Lord of the Flies1277Arthur the Terrible1598The Cobbler's Children1859The Fall of the House of Andersen20910Other People's Money225Notes255Acknowledgments263Index267