{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Agreed Consent Order - SOAH DOCKET NO BOARD FILE NO L TEXAS...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
SOAH DOCKET NO. 457-02-3095 BOARD FILE NO. 01-11-08L BEFORE THE STATE OFFICE TEXAS STATE BOARD OF PUBLIC ACCOUNTANCY § § § § § § OF v. ADMINISTRATIVE HEARINGS ARTHUR ANDERSEN, L.L.P. AGREED CONSENT ORDER The Enforcement Division of the Texas State Board of Public Accountancy ("Board") and Arthur Andersen, L.L.P. ("Andersen") jointly request the full Board to adopt and ratify this Agreed Consent Order. I. References to "Rules" are to the Board's Rules. References to the "Act" are to the Public Accountancy Act, Texas Occupations Code, Chapter 901. II. FINDINGS OF FACT Andersen holds firm license number PO4508 issued by the Board on September 7, 1994. 1 Andersen and its predecessor entities have held a firm license to practice public accountancy in Texas since January 29, 1946. 2. On June. 15,2002, Andersen was foundguilty byjury verdict offelony obstruction of justice associated with its Enron Corporation engagement in the United States District Court for the Southern District of Texas - Houston Division, Case No. 02-CR-121-ALL ("criminal case"). Andersen notes that the above-referenced United States District Court has not yet rendered 3 an adjudication of guilt nor assessed punishment. Andersen hasfiled a motion to setaside
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
the jury verdict and to enter judgment of acquittal, which has not been ruled upon. Thetime for appeal of the criminal case has not yet begun. The Board and Andersen desireand agree to finally compromise and resolve this Board 4. enforcement actionwith respect to all claims asserted in the Board's Notice of Hearing and Complaint, notwithstanding the currently indeterminate final outcome of the criminal case. Andersen has, with the assistance and counsel of its attorneys, read and understood the 5 entirety of this Agreed Consent Order. III. CONCLUSIONS OF LAW The Board has jurisdiction over the subject matter of the complaint and over Andersen pursuant to Sections 901.151 and 901.501 of the Act. The jury verdict against Andersen, as set forth in Finding of Fact 2 would, upon rendition of 2. a guilty verdict, assessment of punishment, and exhaustion of appeals, constitute a violation of Board Rule 50 1.90(4) regarding conviction of a felony offenseunder the laws of the United States. Such violation would constitute grounds for disciplinary action under Section 901.502(6) of the Act.
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern