PracticeAccounting FirmsAndrews slams ‘false’ Enron report

Andrews slams 'false' Enron report

Andersen global managing partner CE Andrews has slated an Enron special committe report as 'troubling', 'false', and not an independently 'credible assessment' into the collapse of the company.

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.

Related Articles

haysmacintyre celebrates partner promotion and additional hire

Accounting Firms haysmacintyre celebrates partner promotion and additional hire

2d Lucy Skoulding, Reporter
EY director joins Crowe Clark Whitehill as partner

Accounting Firms EY director joins Crowe Clark Whitehill as partner

6d Emma Smith, Managing Editor
RSM announces growth across every business line in 2017

Accounting Firms RSM announces growth across every business line in 2017

1w Lucy Skoulding, Reporter
WorkStyle: Helping accountants to support new contractors

Accounting Firms WorkStyle: Helping accountants to support new contractors

2w ClearSky Accounting | Sponsored
Grant Thornton grows profits while radically reshaping portfolio

Accounting Firms Grant Thornton grows profits while radically reshaping portfolio

2w Alia Shoaib, Reporter
How to protect LLP firms from a damaging team move

Accounting Firms How to protect LLP firms from a damaging team move

2w Clive Greenwood, Lewis Silkin
Grant Thornton reports gender pay gap at 26.6%

Accounting Firms Grant Thornton reports gender pay gap at 26.6%

4w Alia Shoaib, Reporter
5 ways to adapt your accounting services for millennial clients

Accounting Firms 5 ways to adapt your accounting services for millennial clients

1m Receipt Bank | Sponsored