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Arthur Anderson's Involvement In The Enron Scandal

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By the time the company declared bankruptcy, it had owed a whopping $22.1 billion to banks and its other investors. The company was tainted with corruption and deceit. Enron also had an external partner to carry out its unlawful actions. Arthur Anderson LLP, one of the most efficacious auditing companies in the US at the time [6], was under inspection for their involvement in the Enron Scandal. Before news of the bankruptcy had unraveled, the SEC (Security and Exchange Commissions) conducted a detailed investigation of the bank statement and financial of Enron. Prior to this, Anderson had shredded several of the Corporations’ financial and deleted numerous emails to remove traces of any fraudulent activity. Due to this misconduct, Anderson
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