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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (140715)	12/3/2001 1:34:10 PM
From: tejek	Read Replies (1) \| Respond to of 1580596

Correction: AA will pay big time. Period. As a CPA, the first lesson in your undergraduate Auditing class is, "The CPAs ALWAYS get sued". Correction: AA will pay big time. Period. I can't pretend to fully understand how ENE's mgmt screwed up but I am clear its the employees and shareholders who will pay. According to CNBC, ENE just sent home 7800 employees of which 4000 are to lose their jobs by the end of the week. A lot of pain............

To: i-node who wrote (140715)	12/4/2001 4:41:51 PM
From: TGPTNDR	Read Replies (2) \| Respond to of 1580596

David, I think you're being rather hard on the accounting profession. These things are difficult and Arthur Andersen was doing the very best they could under the circumstances. They've been in the forefruit of those calling for change -- and indeed, have called for it once again today. They must have better rules! It's the rules that're wrong. Furthermore, when [critics]say Andersen appears to have violated basic accounting principles ...Andersen, which said last week it had been subpoenaed by the Securities and Exchange Commission for information on its audit of Enron, has maintained that such judgments are premature. And we sure wouldn't want to be premature about these things. biz.yahoo.com Enron's auditor calls for better rules tgptndr