#arthurandersen — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #arthurandersen, aggregated by home.social.
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CW: Long thread/15
Crooked auditors were at the center of the #GreatFinancialCrisis, too:
https://francinemckenna.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/
And of course, crooked auditors were behind the #Enron fraud, a rare instance in which a fraud triggered a serious attempt to prevent future crimes, including the destruction of accounting giant #ArthurAndersen. After Enron, Congress passed #SarbanesOxley (#SOX), which created a new oversight board called the #PublicCompanyAccountingOversightBoard (#PCAOB).
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