Exchange Currency

Andersen Effect

An increased scrutiny of a company's financial statements due to the collapse of Arthur Andersen LLP after the 2001 Enron Scandal, a seminal event which spurred the rise of conservative accounting.

Related information about Andersen Effect:
  1. Andersen Effect Definition | Investopedia
    A reference to auditors performing more careful due diligence when auditing companies in order to prevent accounting errors. This extra level of accounting ...
     
  2. What is Andersen Effect? definition and meaning
    Definition of Andersen Effect: An increased scrutiny of a company's financial statements due to the collapse of Arthur Andersen LLP after the 2001 Enron ...
     
  3. What Is the Andersen Effect?
    The Andersen effect refers to the increased scrutiny of financial records seen after a major financial scandal in 2001 involving accounting firm Arthur Andersen.
     
  4. White Collar Crime Prof Blog: Arthur Andersen
    AUSA Devlin-Brown noted how the collateral consequences of charging a corporation, make a difference (I call that the Arthur Andersen effect). As a result both ...
     
  5. Consulting Magazine Quotes Cary McMillan In “The Collapse Of ...
    Dec 18, 2009 ... The Andersen Effect One of the positives that came out of the breakup of Arthur Andersen was the impact its ex-employees have had on the ...
     
  6. Arthur Andersen and the Myth of the Corporate Death Penalty - SSRN
    Aug 21, 2012 ... Yet, there is no evidence to support the existence of the “Andersen Effect” and the much-hyped corporate death penalty. Indeed, no one has ...
     
  7. Ernst & Young: Too big to fail - Term Sheet
    Dec 21, 2010 ... Call it the Arthur Andersen effect. Andersen, you may recall, was indicted and convicted in 2002 for its role in the collapse of Enron. Just being ...
     
  8. "Was Arthur Andersen Different? An Empirical Examination of Major ...
    Keywords. Arthur Andersen, Accounting firm performance, Law and economics of accounting, Empirical analysis of accounting restatements, Andersen effect ...