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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: gao seng who wrote (220320)	1/20/2002 12:49:56 PM
From: gao seng	Respond to of 769670

Andersen CEO Sees Nothing Illegal at Enron Slideshows AP Photo Enron WASHINGTON (Reuters) - Andersen Chief Executive Joseph Berardino said on Sunday he was not aware of any illegal practices behind the collapse of Enron Corp. but acknowledged that the accounting giant had made an error in judgement. Speaking in an interview on NBC's ``Meet the Press,'' Berardino defended Andersen's role as auditor of the Houston-based energy trading company and blamed a failed business model for the largest bankruptcy in U.S. history. ``To my knowledge, there was nothing that we've found that was illegal,'' the Andersen executive said. ``We have acknowledged in one case, we did make an error in judgement and that was corrected. And in another case, some information had been withheld that was extremely important to the decision on accounting.'' Berardino was speaking days after evidence surfaced that the auditing giant knew of crucial issues surrounding the fallen energy giant's debt-laden partnerships as early as February. Congressional investigators have demanded a slew of documents from the firm. ``This is a company whose business model failed. The accounting reflects the results of business activities. And the way these events were being accounted for were clear to management and to the board, obviously in less detail to the board,'' Berardino said. ``But at its base, this is an economic failure.'' dailynews.yahoo.com