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3). The fall of Andersen came from the change in ethics they followed. Andersen was once a firm that performed audits by the book and with discipline. However, greed and money got the best of the partners, and auditors began “working†the numbers to drive up revenue totals. Andersen was involved in major accounting scandals including, Sunbeam Corporation and Waste Management Incorporated, for almost 10 years, until the infamous Enron Corporation scandal...
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Andersen was once a firm that performed audits by the book and with discipline. However, greed and money got the best of the partners, and auditors began “working†the numbers to drive up revenue totals. Andersen was involved in major accounting scandals including, Sunbeam Corporation and Waste Management Incorporated, for almost 10 years, until the infamous Enron Corporation scandal...
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