Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (18251)	1/10/2002 5:09:32 PM
From: Tom Hua	Read Replies (2) \| Respond to of 19633

Roger, Arthur Anderson is the auditor for more than 1000 public companies. Perhaps we can begin by shorting Arthur Anderson. Regards, Tom

To: Roger A. Babb who wrote (18251)	1/10/2002 5:10:44 PM
From: Brad Davies	Respond to of 19633

Roger, You should note that many of the senior people in Finance at Enron are former AA employees. Makes this revelation all the more suspect. I am not so sure that AA is any more lenient than all of the other audit firms. Seems to me that most of them make more money from consulting than from their audit function, creating the inherent conflict that reveals itself periodically. Essentially, I think we should all learn that audited statements don't mean what they once meant, and can't really be relied upon. I think it is sad that the checks and balances that are supposed to be in place (auditors and regulators), simply don't have the resources, inclination, or ability to do their job properly. I'll get off my soapbox now.