Their strategy was to focus on quality and high standards of audits rather than profits, a very successful strategy that led to consistent. What did Arthur Anderson contribute to the Enron disaster? Revenues from consulting services surpassed revenue from auditing services. A natural competitiveness grew between the two rivals and this is where the problems began to start. They offered tax, consulting, and, auditing services to large corporations everywhere.
The Enron Case: An Overview Of Arthur Andersen's Case | Cram
Arthur Andersen always maintained high standards and ethics in the accounting industry, especially till the death of Mr. In , Mr. Andersen told a client that there is not enough money in the city of Chicago to make him manipulate accounts. In October of , the stock market crashed, leading to the depression. Wall Street was sent into a panic and millions of investors were wiped out. Investors began dumping shares in mass amounts.
The Enron Case: An Overview Of Arthur Andersen's Case
Please join StudyMode to read the full document. Arthur Andersen The name Arthur Andersen is a very well known name among households in the world today. At one time, the reputation of Arthur Andersen was very positive.
When Reagan took office in the GDP was at 6. When he left office in the GDP had risen to 8. With a thirty-four percent increase over the course of his administration.