More important, many experts both inside and outside government now view the prosecution of Andersen as a mistake that worsened the concentration of the audit industry.
That bodes ill for such services titans as Andersen Consulting and KPMG Consulting, which rely on ERP projects for as much as a third of their revenue.
"Webvan was all about leveraging technology and reinventing the grocery business, just as Andersen had reinvented consulting, " Shaheen says.
IT-based consultancies such as Andersen Consulting is forcing more traditional consultancies to rethink their basic assumptions about their business.
Arthur Andersen went down as a result of Enron and Ken Lay lost his life defending his honor that he had done nothing wrong.
As Andersen Consulting's Mr Ferguson points out, once a firm is providing a service around a product, it may eventually find it more efficient to let someone else provide the product.
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Whereas in manufacturing industries a decline in such standards is often slow, in talent-intensive ones it can be terrifyingly sudden, as Arthur Andersen and Enron found to their cost.
Hans Christian Andersen used the red shoe as a symbol of wealth and vanity in his morality fairytale The Red Shoes.
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Duncan's plea agreement, details of which will be announced today in U.S. federal court in Houston, was not unexpected and seems the inevitable outcome of Andersen trying to bill him as the rogue responsible for the decision to shred and delete thousands of documents.
At the same time as he sold to Andersen, Weinroth, Feldman bought a 6% stake in Millennium for himself.
Until 1997, for example, every single chief financial officer in Waste Management's history as a public company had previously worked as an auditor for Andersen.
As we saw with Arthur Andersen, an indictment alone can be a death sentence for a firm.
Still, the ruling may help a few white-collar defendants, such as David Duncan, an Andersen partner and the only individual being held to account for the shredding.
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Andersen was convicted for shredding documents even as the Securities and Exchange Commission opened an investigation into the finances of one of its big accounting clients, Enron, which collapsed into bankruptcy in Dec. 2001.
Norris Cole lobbed one off the glass to James for a dunk and an 83-70 lead, Allen made another 3-pointer on the next possession, James set up Andersen for an alley-oop dunk as half the arena roared in delight as the reigning champions pushed the margin to 18.
But as 28, 000 former Arthur Andersen employees can attest, these scandals tend to take on a momentum of their own.
Now the committee is planning to ask for more information from Andersen - who were WorldCom's auditors as well as having done disgraced energy firm Enron's books - and from WorldCom.
Chicago lost more jobs last year than any other big American city except New York, as companies ranging from the giant Arthur Andersen to side-street firms shed thousands of workers.
As news began to filter out about Andersen's less-than-stellar verdict on Net commerce, punters responded by trading the NASDAQ and its component Net heavyweights up more than 127 points Tuesday, one of its strongest rises in a phenomenal year.
As the unfortunate example of accounting firm Arthur Andersen illustrates, even a highly respected institution cannot survive the filing of criminal charges by the U.S. government.
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That is one reason why, over the past decade, Andersen, which used to be roughly the same size as both Coopers and Price Waterhouse, has pulled ahead of both.
She started off as an accountant at the now-defunct Arthur Andersen.
Unlike Enron itself, which seems likely to liquidate (though it may have a future under a different name), Andersen, one of the Big Five accounting firms, has a future as a going concern.
Andersen played a superb disguised pass to Berbatov and this time Anton Ferdinand was unlucky as the shot was deflected in off his body.
As an example, Bradford describes how he hired his own office manager, Sharline Andersen, eight months ago.
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"Mr Ferguson and David Gill came here for discussions on the best way to prepare our case, just as I flew out to Manchester for the same thing last week, " said Andersen.
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Tristan (Charlie Cox), is a sweet, diffident young man who, as an infant, was delivered to his father in a basket. (The lad's true identity will come as a surprise only to those unfamiliar with the works of the Brothers Grimm, Hans Christian Andersen or Walt Disney).
Since the eruption of the Enron scandal, Andersen has borne the brunt of an outsized portion of criticism for the company's failure because it certified as fair and accurate Enron's financial reporting--including its use of off balance sheet partnerships to disguise the level of Enron's true indebtedness.
If Andersen is found actually to have advised on the design of Enron's off-balance-sheet vehicles, as the company implies, it will find it hard to plead ignorance over their construction.
Carter once requested that a video made by his son be removed from the site. (Denton, who likes to be perceived as unswayable, briefly de-listed the post from search engines.) Denton occasionally has drinks with Andersen, who is now a novelist and radio host, and once personally invited him to become a Gawker commenter under his own name.
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