Detailed Notes on Case Solution
Detailed Notes on Case Solution
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Arthur Andersen also came underneath intensive scrutiny, and in March 2002, the U.S. Section of Justice indicted the business for obstruction of justice. Clients planning to assure investors that their financial statements could satisfy the very best accounting expectations deserted Andersen for its competition. They have been shortly followed by Andersen personnel and full workplaces.
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In addition, 1000s of workers were being laid off. On June 15, 2002, Arthur Andersen was discovered responsible of shredding evidence and lost their license to have interaction in general public accounting. 3 many years later, Andersen’s attorneys properly persuaded the U.S. Supreme Court to unanimously overturn the obstruction of justice verdict on The premise of defective jury Guidance. But by then, there was nothing at all left of the organization past two hundred staff managing its lawsuits.
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