Los Angeles (June 12, 2002) -- Accounting firms are more likely to be held legally accountable for fraud and other misdeeds committed by their clients as a result of the Arthur Andersen-Enron scandal, according to a panel of malpractice insurance specialists speaking at the California Society of CPAs' Accounting and Business Conference.
"Enron has heightened public perception that accountants should be held responsible for fraud committed by their audit and accounting clients," Steven J. Insel, a partner in corporate and securities law at the Los Angeles law firm of Jeffer, Mangels, Butler & Marmaro, told a training session audience of about 200 practitioners.
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