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内容简介:
A withering exposé of the unethical practices that triggered
the indictment 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 and her experience as an Andersen insider,
Toffler chronicles how a culture of arrogance and greed infected
her company 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 and Waste Management, and
illustrates the practices that paved the way for the accounting
fiascos at WorldCom 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 and consultants--lived the mantra "keep
the client happy"; and how internal infighting 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 and was an internationally renowned expert at
spotting and correcting ethical lapses. Toffler traces the roots of
Andersen's ethical missteps, and shows the gradual decay of a
once-proud culture.
Uniquely qualified to discuss the personalities and principles
behind one of the greatest shake-ups in United States history,
Toffler delivers a chilling report with important ramifications for
CEOs and individual investors alike.
From the Hardcover edition.
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书籍介绍
A withering exposé of the unethical practices that triggered the indictment 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 and her experience as an Andersen insider, Toffler chronicles how a culture of arrogance and greed infected her company 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 and Waste Management, and illustrates the practices that paved the way for the accounting fiascos at WorldCom 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 and consultants--lived the mantra "keep the client happy"; and how internal infighting 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 and was an internationally renowned expert at spotting and correcting ethical lapses. Toffler traces the roots of Andersen's ethical missteps, and shows the gradual decay of a once-proud culture.
Uniquely qualified to discuss the personalities and principles behind one of the greatest shake-ups in United States history, Toffler delivers a chilling report with important ramifications for CEOs and individual investors alike.
From the Hardcover edition.
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