PLENTY OF BLAME TO GO AROUND IN ENRON'S FALL ; MANY PLAYERS HAD SMALL ROLE, COLLECTIVE EFFECT Broward Metro Edition

At the back of Enron's last annual report were two statements from Arthur Andersen. One attested to Arthur Andersen's opinion that Enron's internal accounting system "was adequate to provide reasonable assurance as to the reliability of financial statements." The other state...

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Bibliographic Details
Published inSun-sentinel (Fort Lauderdale, Fla.)
Main Author Richard W. Stevenson and Jeff Gerth The New York Times
Format Newspaper Article
LanguageEnglish
Published Fort Lauderdale, Fla Tribune Publishing Company, LLC 20.01.2002
Subjects
WASHINGTON
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Summary:At the back of Enron's last annual report were two statements from Arthur Andersen. One attested to Arthur Andersen's opinion that Enron's internal accounting system "was adequate to provide reasonable assurance as to the reliability of financial statements." The other stated its opinion that Enron's financial reports "present fairly, in all material respects, the financial condition" of the company and its subsidiaries. The statements -- a version of which appears in the annual reports of all healthy publicly traded companies -- amounted to a Good Housekeeping Seal of Approval for Enron's books.