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15 Jan 2002
Not only has Joe Berardino, Andersen's chief executive, publicly admitted it made errors in its audit of Enron, but the firm recently told a US Justice Department hearing something potentially far more damning; namely that it disposed of 'a significant but undetermined number of Enron-related documents'.
The implications for Andersen are enormous, with some experts speculating that a massive lawsuit could bring about the downfall of the firm, as Enron investors bay for blood.
Whatever the outcome for the firm, the repercussions for the other Big Five and the audit profession in general will undoubtedly be far-reaching.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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