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Cover Art
Author Toffler, Barbara Ley.

Title Final accounting : ambition, greed, and the fall of Arthur Andersen / Barbara Ley Toffler with Jennifer Reingold.

Published New York : Broadway Books, 2003.


Location Call No. Status
 UniM Giblin Eunson  338.791657 TOFF    AVAILABLE
Physical description 272 pages ; 25 cm
Notes Includes index.
Contents 1 Andersen Way 1 -- 2 Making of an Android 9 -- 3 Cult in Culture 37 -- 4 Cain and Abel Andersen 69 -- 5 Billing Our Brains Out 101 -- 6 Lord of the Flies 127 -- 7 Arthur the Terrible 159 -- 8 Cobbler's Children 185 -- 9 Fall of the House of Andersen 209 -- 10 Other People's Money 225.
Summary Arthur Andersen's conviction on obstruction of justice charges related to the Enron debacle spelled the abrupt end of the eighty-eight-year-old accounting firm. Until recently, the venerable firm had been regarded as the accounting profession's conscience. In Final Accounting, Barbara Ley Toffler, former partner-in-charge of Andersen's Ethics & Responsible Business Practices consulting services, reveals that the symptoms of Andersen's fatal disease were evident long before Enron. Drawing on her expertise as a social scientist and her experience as an Andersen insider, Toffler chronicles how a culture of arrogance and greed infected her company and led to enormous lapses in judgment among her peers. Final Accounting exposes the slow deterioration of values that led not only to Enron but also to the earlier financial scandals of other Andersen clients, including Sunbeam and Waste Management, and illustrates the practices that paved the way for the accounting fiascos at WorldCom and other major companies. Chronicling the inner workings of Andersen at the height of its success, Toffler reveals "the making of an Android," the peculiar process of employee indoctrination into the Andersen culture; how Androids -- both accountants and consultants -- lived the mantra "keep the client happy"; and how internal infighting and "billing your brains out" rather than quality work became the all-important goals. Toffler was in a position to know when something was wrong. In her earlier role as an independent ethics consultant, she worked with over sixty major companies and is considered one of the nation's leading experts on business and management ethics. Toffler traces the roots of Andersen's ethical missteps and shows the gradual decay of a once-proud culture. Uniquely qualified to discuss the personalities and principles behind one of the greatest shake-ups in U.S. history, Toffler delivers a chilling report with important ramifications for CEOs and individual investors alike.
Other author Reingold, Jennifer.
Subject Arthur Andersen & Co.
Accounting firms -- Corrupt practices -- United States.
ISBN 0767913825