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The Andersen ruling may have repercussions for another high-profile case arising from the dotcom bust.
ECONOMIST: Death sentence commuted—too late | The
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Andersen, Enron's auditors, may have allowed these transactions because they were considered too small to be material.
ECONOMIST: The tragedy of one company's rise and fall
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The mess that John Sidgmore, WorldCom's new boss, revealed last week is being investigated by KPMG, which replaced the firm's long-standing external auditors, Andersen (yes, them), in May.
ECONOMIST: From bad to worse | The
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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.
FORBES: Arthur Andersen Offers Settlement
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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.
ECONOMIST: Better late than never? Tell that to Arthur Andersen
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The most traumatic has been the acrimonious divorce between Arthur Andersen and Andersen Consulting, two halves of what was once a single firm, which may be completed next year.
ECONOMIST: Strength in numbers