Tuesday, May 31, 2005

Andersen's Enron Verdict Quashed by US Supreme Court

BBC NEWS | Business | Andersen's Enron verdict quashed

"Andersen's Enron verdict quashed

The US Supreme Court has overturned accounting firm Arthur Andersen's conviction for destroying Enron-related documents before the firm's collapse.

The court ruled that the conviction was improper because instructions to the jury in the 2002 trial were 'flawed'. ..."


Having been a member of Andersen during that period, I find this kind of interesting...

I wonder what it will mean for the future of Andersen and the accounting industry? Guess we'll have to wait and see what the lower court does now...

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