Clown-Free Zone... sorry, no clowns allowed Message Board

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

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To: stockman_scott who wrote (188270)	8/16/2002 3:00:19 PM
From: maceng2	Read Replies (2) of 436258

Andersen's accountancy licence revoked by Texas regulators Arthur Andersen LLP's public accountancy licence has been revoked by the State of Texas in a move that bars the troubled accountancy firm from conducting any auditing work in the state, according to a statement from the Texas State Board of Public Accountancy. "The Board's revocation of Andersen's licence is the severest sanction available under the Public Accountancy Act for the firm," said Michael Conway, the Board's presiding officer. "Although it is tragic that a firm with Andersen's proud history in Texas should be brought so low, the firm's actions in the Enron case clearly warrant this result," Conway added. The board's action follows a board complaint against Andersen in May related to its audits of Enron's financial statements. That action alleged that Andersen "lacked objectivity, integrity, and independence in the performance of those (auditing) services." The firm has been licensed in Texas since 1945, and operated six offices across the state. © AFX News ananova.com

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