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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (10578)	1/17/2002 7:07:58 PM
From: Alan Smithee	Read Replies (2) \| Respond to of 23786

How surprising: Enron Fires Andersen as Auditor Jan 17 6:17pm ET HOUSTON (Reuters) - Bankrupt energy giant Enron Corp. said on Thursday its board of directors voted to fire accountancy firm Andersen as the company's auditors, effective immediately. Andersen has come under fire for its handling of the Enron account, with pressure on Andersen growing after it said a partner ordered the destruction of documents related to its Enron audits. Enron said it would begin looking for a new auditor immediately. Enron filed for bankruptcy in early December after the revelation of a number of off-balance sheet transactions caused the company's stock price to collapse. "We can't afford to wait any longer in light of recent events, including the reported destruction of documents by Andersen personnel and the disciplinary actions taken against several of Andersen's partners working in its Houston office," Enron Chairman and Chief Executive Officer Ken Lay said in a statement. siliconinvestor.com