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Arthur Andersen also arrived beneath powerful scrutiny, and in March 2002, the U.S. Office of Justice indicted the organization for obstruction of justice. Clientele planning to guarantee investors that their financial statements could meet the best accounting requirements deserted Andersen for its opponents. They were being shortly followed by Andersen personnel and entire places of work.
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The Enron Scandal was a number of functions that resulted while in the individual bankruptcy from the U.S. Power, commodities, and services company Enron Company in 2001 and also the dissolution of Arthur Andersen LLP, which had been amongst the biggest auditing and accounting corporations on earth.
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The trades authorized the producers to mitigate the potential risk of energy-rate fluctuations by fixing Learn More the marketing price of their products and solutions by way of a agreement negotiated by Enron for the fee.