Unformatted text preview: Waste Management for the years 1993 though 1996 that inflated the company's earnings by more than $1 billion ("Waste management settles," 2001). In April 2001, Arthur Anderson agreed to pay $110 million to the shareholder's of Sunbeam Corporation. It was alleged that Sunbeam misstated its financial results during the 1990's, and Arthur Andersen certified those results as its auditor. Arthur admitted to no wrongdoing, but in hindsight, it's pretty hard to believe them (Manor, 2001). Manor, R. (2001, April 28). Arthur Andersen settles sunbeam earnings lawsuit . Retrieved from http://articles.chicagotribune.com/2001-04-28/business/0104280151_1_sunbeam-arthur-andersen-berger-montague Waste management settles . (2001, November 7). Retrieved from http://money.cnn.com/2001/11/07/news/waste_mgt/index.htm...
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This note was uploaded on 08/29/2011 for the course ACC 411 taught by Professor Bilker during the Spring '11 term at Edison State College.
- Spring '11