A Good Year for Outsiders
Plan A for Group B accountancies? In the year of the corporate scandal, pick off as much business as possible from Big Four firms.
Coming: Auditor Cataclysm?
Industry watchers are predicting a massive shake-out in the accounting business over the next few years. This may not be great news for CFOs.
Sussing Out the Second Six
Among the Group B accounting firms, six lead the pack. Will any make the Final Four?
Closing the Books on Arthur Andersen
Last official day of business for U.S. accounting firm; overseas units merged or shuttered. Elsewhere: SEC ups its probe of Bristol-Myers, an interesting theory in the Enron case, and what were they thinking at WorldCom?
Line Charges: Ex-WorldCom CFO Indicted
Sullivan accused of masterminding accounting scheme; key members of finance department also named as co-conspirators. Plus: PNC's new CFO, and hugs and kisses at XO.
Price of Shame? Andersen Pays $60 Million to Enron Claimants
Andersen Worldwide settles with plaintiffs, U.S. unit teeters on the brink. Plus: Enron going for the thin look, Dynegy going without a CFO, and SEC going up-tempo.
Was Mum the Word at WorldCom?
Controller Myers reportedly forbade staff accountant from talking to auditor about bookkeeping; "don't make me ask you again." Elsewhere: Citi larded WorldCom execs, SEC investigates U-Haul, and FASB mulls impairment -- again.
Will Tech Companies Join the Options Parade?
Tech trade group backs off hard-line stance on accounting for employee options; will "quarterly impact sheet" follow? Elsewhere: Qwest takes a mulligan, and Spitzer takes a whack at Citigroup.
Fastow: The Heat is On
Do government lawyers want to prosecute Andrew Fastow -- or get him to roll over on his former bosses?
Troubles Mount for AOL’s Management
The question: what did AOL insiders know -- and when did they know it? Elsewhere: push for reform ratcheted up, and Enron CEO lays blame for recent corporate scandals.
House Warming, Texas Style
Reports out of Houston say the Justice Department is about to seize some of Andrew Fastow's assets -- including his new house.