Andersen points to errors in Duncan's testimony
US federal prosecutors have stuttered in their attempts to have collapsed firm Andersen convicted of criminal charges, after contradictions in the testimony of the government's star witness emerged.
US federal prosecutors have stuttered in their attempts to have collapsed firm Andersen convicted of criminal charges, after contradictions in the testimony of the government's star witness emerged.
The US Justice Department is relying on a guilty plea from former Enron auditor David Duncan to gain a verdict against the firm.
But the judge told a Houston court she would review what Andersen defence attorneys called ‘fairly voluminous’ errors in Duncan’s statements to FBI agents.
Andersen claims Duncan was bullied into pleading guilty in fear of a threatened 80-year prison sentence that would deprive his three young daughters of a father. After, at first, pleading innocence, he later cut a deal with the government and admitted to illegal document destruction.
If the firm is found not guilty, it could reasonably argue that the government destroyed the firm through vindictiveness and a desire to brush over its own close links to Enron.
The case was scheduled to end by 29 May but now looks likely to last into June.
The numbers you crunch tell a story. Your expertis...
22yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThree years after accountancy group DJH Mitten Clarke launched, they have announced that they have rebranded to DJH. The DJH Mitten Clarke name reflec...
View articleStatic budgets outdated. Embrace agile budgeting for a smooth year-end close and adapt to changing markets. Read More...
View articleSaffery Champness's strategic rebrand to "Saffery" reflects a bold step towards aligning its historic values with a modern, innovative ethos, fosterin...
View articleSumer’s CEO Warren Mead believes accountants have a responsibility to champion smaller and medium-sized businesses and that successful entrepreneurs a...
View articleMid-market firms experience largest percentage increase in fee income in 2023, as consultancy services start to become leading income streams for the ...
View articleBaker Tilly International has today announced record global revenues of US$5.2bn for the financial year ended 31 December 2023, up 11% on the previous...
View articleWhilst Small and Medium Enterprises (SMEs) account for around half of the turnover in the UK private sector[1], our own AAT research shows that over a...
View articleGrant Thornton UK as confirmed the appointment of Malcolm Gomersall as its new Chief Executive Officer. Gomersall, who has been with the firm for over...
View article