Breaking news! Arthur Andersen, 89 year old accounting firm going bankrupt due to bad accounting. With honesty and and proper performance they could have abstained from such things. Members of the of the company should have just focused on doing it right the first time. Instead of trying to create all these loopholes, in which did not end up benefiting them in the end. Like Arthur Levitt said "Something as big as Enron did not just happen overnight". He believes that the Enron scandle was "a breakdown of the ethical values of business over a period of perhaps 20 years. So I would advice other people and other companies to learn from this accounting scandal.
Enron info
Arthur Levitt
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