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14

Enron Deal Hurt Reputation of Huge Audit Firm

The United States supreme court yesterday disposed Arthur Andersen's justice conviction obstruction

The United States supreme court yesterday disposed justice conviction obstruction of 2002 of audit company Arthur Andersen, for shredding documents related to its audits of the US bankrupt energy giant Enron.

The court ruled that the judge in the case had given "flawed" instructions to the jury.

However, the verdict devastated Arthur Andersen, which had been in business for 89 years and employed 85,000 worldwide. Now it employs only 200 in Chicago dealing with legal hangovers from the conviction.