Whom Shall We Trust?
Clark Dean RicheyISBN: 1413735029;
Book DescriptionEnron, Sunbeam, Waste Management and then World Com. Major players in the world's economy. Their auditor, Arthur Andersen, (AA), one of the largest international accounting firms in the world indicted for fraud, is now defunct. Should weblame the near collapse of the stock market, the destruction of the life savings of millions of Americans, and the loss of thousands of jobs on the failure of AA to fulfill its professional responsibility? Who are these few huge international partnerships? How big are they? How much do their partners make? How did they get so huge and can we trust them to monitor our capitalist system? The author is in a position to address these questions. He was a partner for over twenty years with a major competitor of AA-KPMG, the firm that absorbed a major portion of the AA partnership after its collapse.
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