Arthur Andersen also came under intensive scrutiny, and in March 2002, the U.S. Division of Justice indicted the company for obstruction of justice. Customers desirous to assure buyers that their monetary statements could meet the highest accounting requirements deserted Andersen for its rivals. They have been shortly followed by Andersen workers and entire offices.
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The collapse of Enron, which held greater than $60 billion in belongings, included certainly one of the most important bankruptcy filings during the record from the U.s., and it generated A great deal discussion together with legislation meant to enhance accounting requirements and practices, with prolonged-lasting repercussions during the money earth.
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