David Duncan and the Arthur Andersen Case

In May 2002, Anderson was indicted for two main reasons interfering with the enforcement of justice. First, David Duncan, former partner of Andersen, who was in charge of auditing Enron, discarded related documents to prevent withdrawing the relevant documents from the survey. Next, Andersen's internal lawyer Nancy Temple advises the administrator to pay attention to the document retention policy. The jury judged Andersen as guilty and believed that David Duncan was persecuted by corruption to prevent the integrity of the judicial process. In 2005, the Supreme Court overturned Andersen 's conviction on account of the flaws of the jury.

In addition to Andrew Fasto, the protagonists of the Enron scandal are Arthur Andersen LLP, which is responsible for Enron's accounting, and David B. Duncan, a partner. . At that time, Andersen was known for its high standards and high quality risk management as one of the top five accounting firms in the United States. But despite Enron's inadequate accounting practices, Arthur Andersen submitted a sign of approval and for many years signed the company's report - for investors and regulators. By April 2001, many analysts began to question Enron 's earnings and its transparency.

Within one year, from the end of 2000 to the beginning of 2001, the consulting company had dismissed personnel collectively. Most Internet startup consulting companies went bankrupt. Andersen Consulting won the international mobile litigation against its sister company Arthur Andersen and renamed it Accenture. Arthur Andersen was caught up in the Enron scandal and forced to close. On July 27, 2001, Accenture's initial public offering and many partners became very wealthy. In the low-end market you can double recruit, sales, outsourcing, new entry and marketing (yes, using Tiger ads). Accenture has a large business in India and China and continues to maintain its leading position in the industry. Since then, Standard & Poor's 500 index rose by 45%, Accenture shares rose 206%, revenues were $ 23 billion and market value was $ 32 billion.

Arthur Andersen started the audit of Enron 's book in 1986. In the beginning of 2001, Enron was considered to be a "primary energy company" with market capitalization of about $ 75 billion. Because it relies heavily on the opinion of the auditor. Enron's participation fee is a small part of AA's revenue, but most of the revenue comes from the Huston office, founded by Enron's Huston headquarters and partner David Duncan.