• accounting firms providing, auditing tax, & consulting services

• emerged from Enron firm

The scandal:

• Arthur Andersen

  • was Enron’s Auditor & allegedly helped the company hide its financial losses & inflate profits

  • Had destroyed documents related to its audits of Enron, which implicated the firm in the cover up of Enron’s fraudulent activities

  • $63.8 billion of assets were lost

  • Massive financial losses suffered by investors, employees, and other stakeholders

The people involved:

• David Duncan

  • lead partner on the Enron account

  • Ordered the shredding of documents related to the audits

• Nancy Temple

  • A legal counsel at the Arthur Andersen

  • Advised the firm on the destruction of documents

• Enron employees, Andersen, employees, investors, clients