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Non-Tech : The ENRON Scandal
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To: Mephisto who wrote (1895)1/30/2002 10:26:23 PM
From: The Duke of URL©  Read Replies (2) of 5185
 
<The accountant became a certified financial planner
so as well as doing people's income tax, he also
advised them on stocks. And he was hooked up to
a major brokerage house the area. It was a
conflict of interest. I felt like he cheated us
and the broker took advantage of us. >

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An accountant in that situation normally does not necessarily a conflict of interest. And in fact vis a vis Enron, Arthur Andersen, had no conflict of interest. What happens is that the accountant gets a fee under the table with out telling you. Believe it or not, the accounting society does not prohibit this.
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