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To: Jim Willie CB who wrote (45104)	12/13/2001 10:18:28 AM
From: Sully-	Read Replies (2) \| Respond to of 65232

Jim, Audit firms have an explicit responsibility to either report possible illegal acts (in the audit report) like those discovered at Enron or they must cease their audit & walk away while informing senior management of the disclosure. No doubt they will likely get away with this breach of fiduciary responsibility. Accenture will no doubt obfuscate the issue, but they are required to take specific steps when potential illegal acts are disclosed........ particularly anything that could have a material impact on the financial statement. IMO, wrong is wrong is wrong. Until we hold accounting firms responsible & force them to genuinely act as an independent audit firm, there will continue to be more Enorn's.

To: Jim Willie CB who wrote (45104)	12/13/2001 12:42:32 PM
From: stockman_scott	Respond to of 65232

Accenture and Andersen have been separate for quite some time now... In fact they both have consulting groups that compete with each other. IMHO, Andersen will face some BIG lawsuits as a result of their Enron auditing activities. It may be very difficult to sue Accenture though. The lawyers might have to prove the technology and management consulting firm helped the Enron Management deceive its stakeholders. My sister works for Accenture and they have done some re-alligning BUT the demand for their services is quite steady...and check out this chart since they've gone public... siliconinvestor.com Andersen is a wealthy private partnership that will have to spend millions defending itself. Corporate Auditors are in the hotseat right now. Should we let Enron's top management that sold over $1 Billion in stock off the hook though...? IMHO, we MUST hold them accountable and the SEC should make an example out of them and if appropriate there should be some stiff fines and prison penalties. Think about the pension funds and the Enron employee retirement programs that have been negatively impacted by the corrupt Enron management. Regards, Scott

To: Jim Willie CB who wrote (45104)	12/13/2001 2:53:23 PM
From: stockman_scott	Respond to of 65232

An Update on Enron's Former CFO... Thursday December 13, 8:45 am Eastern Time Forbes.com By Davide Dukcevich <<...After going unseen and unheard from for the past several weeks, Enron's ousted Chief Financial Officer Andrew Fastow finally resurfaced at a packed press conference in New York. He had none other than top litigator David Boies at his side. Boies acknowledged that the sole purpose of today's appearance was to put to rest reports that Fastow had fled the country for Israel or elsewhere. Fastow was also to have met on Wednesday with attorneys from the U.S. Department of Justice, as the U.S. Securities and Exchange Commission asked a federal judge to enforce an Oct. 31 subpoena Fastow had not answered. The SEC is probing conflict-of-interest issues surrounding Fastow's involvement in two off-balance-sheet partnerships he created and managed from both sides of the table; this arrangement garnered him some $30 million in management fees from the deals--in addition to his Enron salary...>>