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Arthur Andersen also came less than intensive scrutiny, As well as in March 2002, the U.S. Department of Justice indicted the company for obstruction of justice. Consumers desirous to assure buyers that their monetary statements could satisfy the very best accounting specifications deserted Andersen for its competition. They have been quickly accompanied by Andersen personnel and whole workplaces.
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Mark-to-current market accounting authorized the company to write unrealized long run gains from some trading contracts into current cash flow statements, So providing the illusion of bigger present income.
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