Originally posted by JaTo:
...Anderson must have done the whole population sample at Enron...
Hey guys,
The collapse of Enron was not caused by Anderson, there were loopholes in SEC regualtions that allowed the off balance sheet financing to stay off the books.
Remember auditors are only as good as the information they are provided, we do not dig through peoples file drawers. In the case of World-Com this is what happened. The CFO kept quiet about his assets that should have been expensed and sent to the Income statement.
Great questions: Too bad I didn't do so well either
