But I would like to clarify about Enron. Not that they went bankrupt. It was corrupt accounting practices. Enron had hired Arthur Andersen to serve as their independent auditing firm. They also hired Andersen Consulting to work as their consulting firm. Alarms should have been ringing at this point, but they didn't care. AC wants only the best to happen for Enron as would be expected. The better Enron does, the better AC looks. So when some of AA's own accountants decided to look for new jobs, AC shipped them off to work for Enron exclusively. Now, AC and AA have some control of Enron's accounting staff. When a questionable accounting thing would happen, AC and AA would have pull to get their former employee to cover it up and it was accepted by the brass at Enron. They knew it was wrong, but it looked good on paper. Until a non-AA/AC accountant at Enron blew the whistle on the whole operation and turned them in to the SEC. Ironically enough, the woman who blew the proverbial whistle still works at Enron. She did nothing wrong in her job, technically, so they have no recourse to fire her. And she can't leave because nobody in their right mind would hire someone they know is willing to go to the SEC. So she's effectively stuck there. She's a pariah in her own office and has no friends but cannot afford to leave her job. As for AA and AC... Andersen Consulting no longer exists under that name. They branched off and formed their own company and were told by Arthur Andersen that they could not keep the Andersen name (this actually happened just before Enron was exposed). So they are now known as Accenture. And Arthur Andersen may as well not exist because they've consequently lost nearly 100% of their clients.
But I would like to clarify about Enron. Not that they went bankrupt. It was corrupt accounting practices. Enron had hired Arthur Andersen to serve as their independent auditing firm. They also hired Andersen Consulting to work as their consulting firm. Alarms should have been ringing at this point, but they didn't care. AC wants only the best to happen for Enron as would be expected. The better Enron does, the better AC looks. So when some of AA's own accountants decided to look for new jobs, AC shipped them off to work for Enron exclusively. Now, AC and AA have some control of Enron's accounting staff. When a questionable accounting thing would happen, AC and AA would have pull to get their former employee to cover it up and it was accepted by the brass at Enron. They knew it was wrong, but it looked good on paper. Until a non-AA/AC accountant at Enron blew the whistle on the whole operation and turned them in to the SEC. Ironically enough, the woman who blew the proverbial whistle still works at Enron. She did nothing wrong in her job, technically, so they have no recourse to fire her. And she can't leave because nobody in their right mind would hire someone they know is willing to go to the SEC. So she's effectively stuck there. She's a pariah in her own office and has no friends but cannot afford to leave her job. As for AA and AC... Andersen Consulting no longer exists under that name. They branched off and formed their own company and were told by Arthur Andersen that they could not keep the Andersen name (this actually happened just before Enron was exposed). So they are now known as Accenture. And Arthur Andersen may as well not exist because they've consequently lost nearly 100% of their clients.