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How Audits Must Change

(continued)

So far, 11 executives, including all five former CFOs, have pleaded guilty to participating in the fraud, which prosecutors believe had gone on since 1986. Scrushy continues to maintain his innocence.


Trouble Enough for All
Fraud cases hit every big-time auditor.
AuditorCase
AndersenEnron
Ernst & YoungGlobal Settlement with RTC/FDIC
Ernst & YoungCendant
Deloitte & ToucheGlobal Settlement with RTC/FDIC
AndersenBaptist Foundation
Ernst & YoungMerry-go-round
Price WaterhouseBCCI
Coopers & LybrandBarings Bank
KPMGRite Aid
Ernst & YoungAIB Group
AndersonSunbeam
Coopers & LybrandMaxwell Communications
KPMGTricontinental
Ernst & YoungDepco
AndersenColonial Realty
AndersenWaste Management
KPMGOrange County
KPMGOxford Health Plans
Source: AccountingMalpractice.com



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