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To: Amy J who wrote (166454)6/17/2002 8:23:53 AM
From: Dan3  Respond to of 186894
 
Re: Now why don't they do this with Enron, whose CFO did much worse?

Enron is very well connected.

Do you want Dick Cheney, his friends and relatives, to be publicly compelled to return money? How about Cheney's boss?

Imagine how the markets would react to that!



To: Amy J who wrote (166454)6/17/2002 1:05:17 PM
From: L. Adam Latham  Read Replies (2) | Respond to of 186894
 
Amy:

Re: Btw, an auditor from a big five said it was industry practice to shred paper rather aggressively in the accounting industry.

Working papers, which are the property of the auditor, are often destroyed after a predetermined period as set forth in their internal policies and procedures. I haven't read the Andersen trial transcripts, but I assume that individuals at Andersen either (1) did not follow the established policies regarding destruction; and/or (2) continued destroying after receiving a legally binding order to stop. But the point is that destruction of working papers is not uncommon.

Adam