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Final Accounting: Ambition, Greed and the Fall of Arthur Andersen

A withering expose of the unethical practices that triggered the indictment business financial services and collapse of the legendary accounting firm. Arthur Andersen's conviction on obstruction of justice charges related to the Enron debacle spelled the abrupt end of the 88-year-old accounting firm. Until recently, the venerable firm had been regarded as the accounting profession's conscience. In "Final Accounting, Barbara Ley Toffler, former Andersen partner-in-charge of Andersen's Ethics & Responsible Business Practices consulting services, reveals that the symptoms of Andersen's fatal disease were evident long before Enron. Drawing on her expertise as a social scientist business financial services and her experience as an Andersen insider, Toffler chronicles how a culture of arrogance business financial services and greed infected her company business financial services and led to enormous lapses in judgment among her peers. "Final Accounting exposes the slow deterioration of values that led not only to Enron but also to the earlier financial scandals of other Andersen clients, including Sunbeam business financial services and Waste Management, business financial services and illustrates the practices that paved the way for the accounting fiascos at WorldCom business financial services and other major companies. Chronicling the inner workings of Andersen at the height of its success, Toffler reveals "the making of an Android," the peculiar process of employee indoctrination into the Andersen culture; how Androids--both accountants business financial services and consultants--lived the mantra "keep the client happy"; business financial services and how internal infighting business financial services and "billing your brains out" rather than quality work became the all-important goals. Toffler was in a position to know when something was wrong. In her earlier role as ethics consultant, she worked with over 60 major companies business financial services and was an internationallyrenowned expert at spotting business financial services and correcting ethical lapses. Toffler traces the roots of Andersen's ethical missteps, business financial services and shows the gradual decay of a once-proud culture.
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