Accountants Under Scrutiny Even Before Enron Failure
For the accounting world, the fallout from the Enron-Arthur Andersen fiasco can only exacerbate an already rocky claims climate that has been under underwriters review for past auditing failures, insurers say.
The fear, they say, is all accountants will be “tarred with the same brush” of scandal, potentially undermining their credibility. But how the situation will translate into underwriting and rating is not immediately clear, they say.
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