Question

What did Arthur Andersen contribute to the Enron disaster? I have read about this and I am having trouble understanding it.

Answer 1

Arthur Andersen, a huge accounting firm, apparently hid debts and covered for dummy firms owned by Enron. When Andersen feared discovery, the company ordered most documents destroyed.

Check these sites for more information.

http://www.time.com/time/business/article/0,8599,193520,00.html

http://en.wikipedia.org/wiki/Arthur_Andersen