Aurther Anderson found guilty------------

[Unclebill]

Originally posted by MacCortz
ethics was on trial... the firm of Arther Anderson had none!!!!

Guilty they said, and guilty they were.

It's really refreshing to see such a staunch advocate of the time honored principle, "If THEY said it, it must be true".

What is interesting is that the accounting practices used by Andersen and Enron are modelled after the same accounting practices in use by the Federal Government in stating the National Debt. Why isn't anyone screaming and investigating and seeking prosecutions for the same practices by public officials as they are for private business?

Originally posted by MacCortz
Jim, I have no quarral with you. The people, managers/CEO etc. need to know what is going on, ignorance is not bliss or even acceptable.... put them in jail.

So ignorance is a punishable crime in your judgment? Does this mean you should be jailed if an employee of yours commits a crime, too? Or do your rules allow exclusions for yourself?

Originally posted by RhumbRunner13
......that the problems lie not with corporations like Anderson and Enron, but with the process created and supported by Congress and the IRS. . . not the collection of revenue for the polititions to spend!

Rhumb

This is a nice addendum (or is that a preface) to the idea I offered regarding government accounting practices. Thanks.