[VRWC_minion]

The theory that the Andersen accountants were corrupted by the incentive to keep work flowing to Andersen consultants doesn't sound too realistic to me

Me either.

[SUSSA]

I just advance that theory because it is hard to miss transferring debt to newly formed subsidiary companies is hard to miss. An accounting firm like AA isn't usually that sloppy. Why were they that sloppy here?

[Rowdee]

As an auditor, and your company, was it your practice to destroy your records of firms you audited?

I find it very hard to believe that an accountant would just start zipping through and destroying his work product on how they performed a client's audit, what they found, questions posed, or asked, data leading to qualifying statements regarding audits, etc.

I have worked with a CPA and it was always his practice to save all the notes, including 'message notes' where a client called with a quesiton or asked the CPA to call him back, etc., even my benign comments regarding what account # was to be used for some piece of equipment or an expense. Granted, this was tax work, but I would certainly think a large firm would be held to the same, if not better, standards.