Arthur Andersen was founded in 1913 by Arthur Andersen and Clarence DeLany as Andersen, DeLany & Co. The firm changed its name to Arthur Andersen in 1918.
On June 15, 2002, Andersen was convicted of obstruction of justice for shredding documents related to Enron. An added blow for the company may come from its role as the auditor for WorldCom.
In the past Andersen has been alleged fraudulent accounting practices of Sunbeam[?], Waste Management[?], Asia Pulp and Paper[?], and the Baptist Foundation of Arizona, among others.
See also: Timeline of the Enron scandal, Accounting_scandals
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