When Trust Is Lost - #4002
Tuesday, May 14, 2002
The financial collapse of Enron's energy empire sent shock waves through America's financial community. When questions began to arise about the practices of Enron's accounting firm, the damage from the quake spread faster and farther. That firm has been one of America's "Big 5," doing both the accounting and financial consulting for some of this country's biggest corporations. It may take many months, even years, to sort out what really happened. But the questions alone have had a devastating effect, with client after client bailing out of their relationship with the accounting firm, leaving it severely crippled. And it all happened so fast.