Arthur andersen llp based in chicago was once chicago

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Unformatted text preview: up to $750,000 personal, firm up to If $15 m $15 – Destroy working papers within 5 years – fine Destroy and up to 10 years. Arthur Andersen LLP, based in Chicago, was once Chicago was one of the "Big Five" accounting firms (the other "Big four are PricewaterhouseCoopers, Deloitte Touche PricewaterhouseCoopers Touche Tohmatsu, Ernst & Young and KPMG), performing Tohmatsu Ernst KPMG), auditing, tax, and consulting services for large auditing tax and consulting corporations. corporations In 2002 the firm voluntarily surrendered its licenses to practice as Certified Public Accountants in the U.S. pending Certified U.S. the result of prosecution by the Department of Justice over the firm's handling of Department the auditing of Enron, the energy corporation, auditing Enron the resulting in the loss of 85,000 jobs. resulting...
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