Houston (Oct. 17, 2002) -- Four months after it was convicted by a Houston jury, Arthur Andersen was sentenced Wednesday to probation and a $500,000 fine for its role in the downfall of former audit client Enron Corp.

The sentence was the stiffest one Andersen faced, and doesn’t end the former Big Five firm’s woes. It still faces huge shareholder lawsuits related to Enron’s crash.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access