BusinessBusiness

Andersen Removed Unhappy Advisor

The Washington Post has revealed that an Arthur Andersen partner who was unhappy with the accounting treatment of some of Enron's deals was removed from his oversight role at Enron 12 months ago.

Carl Bass was apparently taken off the Enron account after he expressed concern about the company accounting procedures. He is believed to have objected to the accounting treatment of Enron's internet video partnership with Blockbuster and the company's attempts to avoid reporting investment losses which would have wiped out almost all of Enron's reported profit.

US federal prosecutors are particularly interested in Mr Bass's views as the Justice Department indictment against Andersen states that that firm's audit team 'directly contravened the accounting methodology approved by Andersen's own specialists working in its professional standards group.'

blog comments powered by Disqus

News RSS Feed Linkedin

Recruitment Firms We Like
Campus Recruitment

Latest in Business

back-up
more