Which of the Following Statements Is False

question 152

Multiple Choice

Which of the following statements is false?

• A) When the SEC began to look for accounting irregularities, Andersen employees shredded documents.
• B) The accounting firm of Arthur Andersen was convicted of obstruction of justice.
• C) Less than a month after admitting accounting errors, Enron filed for bankruptcy.
• D) Enron inflated earnings by almost $600 million.
• E) To date, Arthur Andersen is the only major accounting firm that has been targeted by trial lawyers, government regulators, and the IRS for providing questionable audit work for major corporations.