🚀 go-pugleaf

I can't believe the Americans are serious and are actually considering
an
official inquiry into leviathan accounting firm Arthur Andersen to
examine
their role in the biggest corporate collapse in American history -
Elcorp.

Andersen, who were being paid $52m US dollars per year to audit the
books
for Elcorp as well as being consultant accountants seem to have missed
the
problems with the $100b collapse.

It would appear that Andersen's aren't exactly the flavour of the month
in
the States and they have conceded - wait for it - to being investigated
by
another high profile accounting firm.

Only earlier this year I wrote a story called "Let's All Investigate
Each
Other" on this website and it highlighted the stupidity of the four or
five
major accounting firms in the world investigating the work done by the
others.

If this is remedied, maybe Traveland, HIH, Elcorp etc, all clients of
Andersens may not have as much to scream about when they have bitten
the
deck.
Gary Knight