An open letter from Andersen CEO Joseph F. Berardino
January 16, 2002 — Andersen CEO Joe Berardino shares what we at Andersen are doing to respond to recent Enron-related events. (PDF 1 page, 10 k)
Disciplinary action taken by Andersen as a result of the Enron investigation
January 15, 2002 — Andersen will dismiss the lead partner on its Enron engagement and is placing three other partners responsible for the engagement on administrative leave. The actions were taken based on preliminary facts relating to Andersen’s inquiry into the disposal of documents related to the engagement.
How Andersen is handling its role in recent events
January 14, 2002 — Andersen is committed to moving as quickly as possible to determine all the facts, and to taking appropriate actions. Read our statement about internal e-mails that were sent October 12, 2001, addressing our document policies.
January 10, 2002 — Andersen has notified the U.S. Securities and Exchange Commission and the U.S. Department of Justice, and is also notifying congressional committees and other agencies investigating the Enron collapse, that in recent months individuals in the firm involved with the Enron engagement disposed of a significant but undetermined number of electronic and paper documents and correspondence relating to the Enron engagement.
Andersen also issued a supplementary statement to clarify certain issues.
Results of a recent peer review of Andersen's accounting and auditing practice
January 2, 2002 — Andersen announced that its system of accounting and auditing quality has been deemed to provide reasonable assurance of compliance with professional standards, following the most extensive peer review in the firm’s history.
How others in the accounting field have reacted to the collapse of Enron Corp.
On December 4, 2001, a joint statement was issued by CEOs of the Big Five accounting firms — Joseph F. Berardino, Andersen; Stephen G. Butler, KPMG; James E. Copeland, Jr., Deloitte & Touche; Samuel A. DiPiazza, PricewaterhouseCoopers, and James S. Turley, Ernst & Young — to address recommendations to enhance financial reporting and audit effectiveness.
Leaders of the American Institute of Certified Public Accountants reiterated their commitment to evaluating and improving financial reporting and auditing systems, and commended the CEOs for demonstrating leadership during this time.
| |
Contact us
If you have comments about Andersen's involvement in the Enron investigation, please contact us here.
If you are a member of the media, please contact us here.
For a complete list of our news releases, visit our Media Center. |
|