So infamous were Andersen’s false audits that President George W. Bush joked about them at the 2002 annual Alfalfa Club dinner in Washington, D.C. The president claimed he had good news and bad news from Saddam Hussein: “The good news is he is willing to let us inspect his biological and chemical warfare installations. The bad news is that he insists Arthur Andersen do the inspections.” [Salon]
Related Posts
Sorry EY Australia Auditors, No Raise For You This Year
- Going Concern News Desk
- August 15, 2023
EY continues to redefine the meaning of “better working world,” this time by way of […]
Former Deloitte CEO Sorry Not Sorry for Anyone Who Can’t Handle Being on an Audit Committee
- Adrienne Gonzalez
- February 3, 2015
According to a piece from Michael Rapoport and Joann Lublin in the Wall Street Journal […]
Audit Deficiencies Got Much Worse Among Big 4 Firms in Canada
- Jason Bramwell
- April 4, 2019
I came across an article on the site Canadian Accountant this morning that said Canada’s […]
