Accounting scandals
In 2002, a wave of accountancy scandals broke in the United States.
Reported accountancy scandals in 2002 to date:
The Enron scandal has so far resulted in the near-collapse of the Big Five auditor Arthur Andersen, which is not expected to survive in the long term.
There is a general perception that there are other accountancy scandals waiting to be uncovered, and this has driven the U.S. and world stock exchange values down.
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