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Arthur Andersen also arrived underneath rigorous scrutiny, and in March 2002, the U.S. Division of Justice indicted the organization for obstruction of justice. Customers attempting to guarantee traders that their economic statements could meet up with the very best accounting specifications deserted Andersen for its opponents. They ended up quickly followed by Andersen personnel and complete places of work.
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Intrinsic Case Reports: In these case scientific studies, the case itself is go to this site of individual desire resulting from its uniqueness or rarity. The purpose is to not generalize results to a bigger populace but to know the particular case deeply.
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Mark-to-sector accounting allowed the business to write unrealized long run gains from some investing contracts into present-day cash flow statements, Consequently giving the illusion of bigger current gains.
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