Enron tried to dodge accounting rules at a subsidiary company, an accountant
from the company’s former auditor Arthur Andersen has testified.
Taking the stand at the trial of former Enron CEOs Ken Lay and Jeff Skilling,
John Sult, who oversaw the books on Enron’s Azurix water business, said the
energy company avoided a writedown of hundreds of millions of dollars by instead
promoting, a $1bn growth strategy for the unit.
‘By merely standing up and making the assertion that the strategy exists
somehow makes the problem go away,’ he testified in Houston, Associated Press
Both Lay and Skilling deny any wrongdoing in the collapse of Enron.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016