Andrews hit out at the report, by the special investigative committee of the Enron board of directors, labelling it as ‘an attempt to insulate the company’s leadership and the board of directors from criticism by shifting blame to others.’
He added the report overlooked the fundamental problem – the fact that poor business decisions on the part of Enron executives and its Board ultimately brought the company down.
He said: ‘While we are disappointed with the report’s contents, we are not surprised. This report fits Enron’s established pattern of the last several months of attempting to shift blame to others.’
The internally commissioned investigation into the causes of Enron’s collapse placed the blame at the the feet of greedy company executives and its auditors Andersen.
The 218-page report filed over the weekend with a federal bankruptcy court in New York claimed Andersen had not done its job properly.
The London School of Business & Finance has become the official provider of ACCA tuition materials for the PwC CEE Academy
Leonard Curtis Business Solutions Group has opened a new office in Glasgow – the first Scottish office for the professional services provider
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017