The Demise of Arthur Andersen, One of the Largest Public

question 125

Multiple Choice

The demise of Arthur Andersen, one of the largest public accounting firms, can be attributed to:

• A)reversal of an indictment by the U.S. Justice Department.
• B)fines levied by the U.S. Securities and Exchange Commission.
• C)the death of its board chairman, Kenneth Lay.
• D)the lack of quality of audit work for several clients that include Enron, WorldCom and Waste Management.

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