Arthur Andersen, one of America's most trusted and powerful accounting firms, was destroyed by the Enron scandal when employees shredded financial documents to evade investigation, causing the firm to collapse from one of the largest accounting firms on Earth to effectively disappearing within months.
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Arthur Anderson: How a scandal destroyed a top accounting firm.Añadido:
One scandal [music] destroyed one of the most powerful accounting firms in the world.
At its peak, Arthur Andersen was trusted by some of the biggest companies in America. They had the trust [music] of top companies.
They audited massive corporations.
Professionalism, reputation, and trust.
But behind the scenes, [music] the firm became deeply connected to the growing scandal at Enron.
As investigators [music] closed in, employees began shredding huge amounts of financial documents. [music] Financial records were destroyed.
The scandal exploded [music] across the country, and trust in the company collapsed.
Stock prices [music] plunged almost overnight.
Within months, Arthur Andersen [music] went from one of the largest accounting firms on Earth to effectively disappearing.
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