King Arthur Andersen
1.Arthur Andersen contributed to the Enron disaster by shredding documents, which was obstruction of justice, by allowing the person in charge of the Enron account to overrule the quality control partner, by being revenue focused and by not standing up to its clients, and by not changing their internal control policies.
3. The prime motivation behind the decisions of Arthur Andersen’s audit partners on the Enron audits was not for the public interest but for profit and fear of losing clients. On page 109, an example that shows the need for profit instead of compliance with GAAP is, “This meant that at AA, the most sensitive decisions were taken by the person who was most concerned with the potential loss of revenue from the client in question,
3. The prime motivation behind the decisions of Arthur Andersen’s audit partners on the Enron audits was not for the public interest but for profit and fear of losing clients. On page 109, an example that shows the need for profit instead of compliance with GAAP is, “This meant that at AA, the most sensitive decisions were taken by the person who was most concerned with the potential loss of revenue from the client in question,