Inside Arthur Andersen: shifting values, unexpected consequences

Preface

ch. 1. Beginning of the end

All-night shredding

Growing storm

Enron

Arthur Andersen

Andersen on trial

In search of an explanation : culture of greed or culture change

References

ch. 2. Honest beginnings

Founding father, founding values

Think straight, talk straight

Ensuring a quality workforce

The Andersen partnership

The making of a myth

Arthur E. Andersen's legacies

References

ch. 3. Growth before the storm

Growth

Leonard Paul Spacek

Expansion

Consulting

Balancing flexibility with control

References

ch. 4. Losing control

Control by division

Division allegiance and individual success

Balancing unity and division

Outside threat

Consulting to the rescue

References

ch. 5. Consulting revolution

Consulting challenge

Shifting values

Consulting revolt - consulting coup

Conflict of interest

References

ch. 6. Sales culture

The partner purge of 1992

Building a power base

Building external power - building client relationships

The second consulting revolution

Shifting values

References

ch. 7. Mistakes in judgment

Conflicts of interest and the SEC

Baptist Foundation of Arizona

Sunbeam Corporation

Waste Management, Inc.

Risk management

Errors in judgment at Enron

Indictment and trial

References

ch. 8. Unraveling

Other side of the world - an "inside" perspective from Asia

Offices began slipping away - an "inside" perspective from Europe

Unraveling - an "inside" perspective from the midwestern U.S.

Closing up shop

References

ch. 9. Will anything really change?

Regulating the accounting industry

Securities and Exchange Commission

Highlights of the Sarbanes-Oxley Corporate Reform Act of 2002

Public Company Accounting Oversight Board

New Financial Accounting Standards Board rules

Establishing the Public Company Accounting Oversight Board

Backsliding

References

ch. 10. Conclusions : Andersen and conflicts in the public accounting system - The first twists - partner independence

Another turn - the effects of growth

Impact of consulting services

Andersen adopts a sales culture

Culture change

Wake-up call

References

Index.