Arthur Anderson

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Justice Makes Corporate Deals, Avoids Trials

'Deferred prosecutions' cheaper, but may tempt companies to cheat

(Newser) - Instead of indicting major corporations for fraud and other forms of malfeasance, the Bush administration is relying more and more on deferred prosecutions, allowing companies to pay a fine and accept monitoring instead of going to trial. The name of the monitor and the details of the agreement are often... More »

Bankrupt Lender's Audit Lapses 'Mind Boggling'

Bankrupt subprime lender, auditor ripped in report on business practices

(Newser) - Auditors at now-bankrupt New Century Financial—once one of the nation’s largest subprime lenders and one of the earliest to fail—were accused of “mind boggling” lapses in a Justice Department report on the debacle released yesterday. Partners at accounting firm KPMG are said to have ignored “... More »

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