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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject	1/10/2002 3:46:42 PM
From: Petrol	Read Replies (2) of 436258

OOPS! Today: January 10, 2002 at 12:40:21 PST Auditor Says Enron Documents Gone WASHINGTON- The firm that audited the books of collapsed Enron Corp., Arthur Andersen LLP, disclosed Thursday that a "significant but undetermined" number of documents related to the company had been destroyed. Federal law enforcement agencies and congressional investigators are seeking the documents as part of their inquiries into the failure of the giant energy-trading company, which left countless investors burned and employees out of work with billions of dollars of losses in their Enron-heavy retirement accounts. The Big Five accounting firm said in a statement that in recent months, electronic files and other documents related to its auditing of Enron had been destroyed or deleted. Chicago-based Andersen said its company policy "required in certain circumstances the destruction of certain types of documents." However, the firm said, millions of documents related to Enron still exist, and it has managed to retrieve some of the deleted electronic files. Andersen said it is continuing retrieval efforts through electronic backup files, "and is continuing in its efforts to fully learn and understand all the facts related to this issue." Andersen has asked Missouri Attorney General John Danforth, a former U.S. senator, "to conduct an immediate and comprehensive review of Andersen's records management policy and to recommend improvements." Andersen's auditing work for Enron, which entered last month into the largest corporate bankruptcy in U.S. history, is being investigated by the Securities and Exchange Commission. The surprise announcement by Andersen came in a day punctuated by revelations from members of the Bush administration concerning Enron. --

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