All their publicly traded companies had to find a new external auditor as a result of the settlement with DOJ and the SEC.
It's too frigging bad that Arthur Andersen is now doing flips in his grave over what the partners did to the firm. I wish I had a buck for how many times I've seen accounting firms send in dumbass accountants fresh out of college to deal with a company in their year end audits while the partners reaped the gravy.
I'll even give you a for instance when KPMG once wrote a management letter to our company saying we were too conservative in our investment strategy. I responded to them with a cc: to our board that it was their dumbass firm that had been the investment advisors to Orange County on their derivatives, and if they didn't yank the management letter they could go screw; we'd be shopping for new external auditors the next week.
Market Data 
Markets 
AI
