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Tag >> Arthur Andersen
Mar 25
2010

Oxley: SarbOx saved the financial meltdown from being worse

Posted by Going Concern in WorldcomSarbanes OxleyRegulationEnroncomplianceCFOsArthur AndersenAccounting

Going Concern

Submitted by Caleb Newquist, republished from Going Concern, Accounting News for Accountants and CFOs.

We really don't foresee any scenario where a politician would denounce a piece of legislation with his/her name on it but since the mainstream media has the tendency to bludgeon the Enron/Andersen/Sarbanes-Oxley mantra into everyone's gray matter, Ox figured he'd better get on record saying that SOx might be the most important moment in US history since the Louisiana Purchase.

Mar 05
2010

Jealousy, greed tore apart Arthur Andersen, says former CEO

Posted by Going Concern in RiskmanagementEnronconsultingcomplianceArthur AndersenAccounting

Going Concern

Submitted by Caleb Newquist, republished from Going Concern, Accounting News for Accountants and CFOs.

Retired Andersen CEO and Managing Partner, Duane Kullberg was part of a panel discussion that went on at Carthage College in Kenosha, Wisconsin this week where he was the featured speak on the "The Rise and Fall of Arthur Andersen".Kullberg was part of a panel that included our friend Jim Peterson of Re:Balance and Bill Goodman, President of Schneck SC, a firm with offices throughout Wisconsin that also discussed the future of the audit profession.

Kullberg served as the Andersen CEO from 1980 to 1989 but "the profit-driven company culture in the 1990s, that valued sales more highly than the ethically rigorous auditing practices that built the accounting firm," was ultimately brought the firm down.

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