We won’t pass judgment on the appropriateness of the remark. But the fact that he chose to draw a parallel between the two was perhaps the most indicative statement so far of just how the Enron affair is being viewed.
Of course there were political concerns too – when there is oil involved these are never far away. But for Andersen to become the story, and not Enron (lest we forget the company that actually collapsed as a result of the off-balance sheet vehicles it set up) means that the profession can expect to be cast in an unfavourable light for some time yet.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars