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Topic: Business
Number of pages / Number of words: 2 / 377
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There was no solution to Andersen’s involvement in the scandal.


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The Securities and Exchange Commission (“SEC”) uncovered an investigation due to negative financial information submitted by Enron. Andersen kept secret of additional information provided by Enron from the public. “The approximate $1.2 billion reduction in shareholder equity was necessitated by Andersen and Enron having improperly categorized hundreds of millions of dollars as an increase, rather than a decrease, to Enron shareholder equity...


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