Bloomberg reports that the documents show that former Arthur Andersen partner David Duncan told the board's audit committee and then Enron President Jeffrey Skilling that the company's use of the partnerships might fail to adhere to accepted audit standards. Skilling has previously told a Senate hearing that he knew nothing of any arrangements to hide debt or boost profits.
The documents appear to contradict the claims of various board members that top management misled them and that they were unaware of what was going on.
The hearings into the Enron affair continue.
According to documents released by a Senate investigating committee, members of Enron's board were informed in February 1999 that the energy trader may have been in violation of accounting principles by creating the partnerships that were designed to hide debt and eventually contributed to the demise of the corporate.
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