Supreme Court


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Barrnabas Collins

One thing i've noticed being conspicously abscent from this
usenet newsgroup is any comment on the supreme court ruling
on Arthur Anderson.

I personally find it a kick in the teeth of anyone in this
profession of accounting who is honest.
 
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D

David Jensen

One thing i've noticed being conspicously abscent from this
usenet newsgroup is any comment on the supreme court ruling
on Arthur Anderson.

I personally find it a kick in the teeth of anyone in this
profession of accounting who is honest.
Nonsense, the Supreme Court decided that the judge gave unacceptable
instructions to the jury. Those instructions were requested by the
prosecutors. If Andersen weren't essentially dead, the prosecutors would
retry them, and should have no problem convicting them again. This is a
defense of the rights of all citizens, not a kick in anyone's teeth,
except the judge and prosecutors who didn't follow the rules. If you
don't like the Bill of Rights and the protections it affords you, feel
free to go to one of our so-called allies like Uzbekistan or Saudi
Arabia. They like summary convictions.

By the way, the name of the company and its very honest founder is
Arthur Andersen.
 
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Bluepen

Right on. The rank and file at AA did nothing wrong. It was the
leadership of the profession that screwed up, all of them. The
multinational accounting firms became consultants and cheerleaders for
their clients. They did the accounting often time, the bookkeeping
and everything else and then tried to audit the work they did...
Right... Now they have SOX and the rest as a penance. It will be a
long time before, if they ever, get self regulation back. I have no
sympathy for the big shits that did this (typo intentional).

We management accountants in the trenches and those of us leading
smaller companies are doing out best and I hope we will be able to
keep congress out of our hair.

Lance Mertz, CPA, CMA, MPA
 

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