Risk & Compliance

Closing the Books on Arthur Andersen

Last official day of business for U.S. accounting firm; overseas units merged or shuttered. Elsewhere: SEC ups its probe of Bristol-Myers, an interesting theory in the Enron case, and what were they thinking at WorldCom?

Line Charges: Ex-WorldCom CFO Indicted

Sullivan accused of masterminding accounting scheme; key members of finance department also named as co-conspirators. Plus: PNC's new CFO, and hugs and kisses at XO.

Was Mum the Word at WorldCom?

Controller Myers reportedly forbade staff accountant from talking to auditor about bookkeeping; "don't make me ask you again." Elsewhere: Citi larded WorldCom execs, SEC investigates U-Haul, and FASB mulls impairment -- again.

Will Tech Companies Join the Options Parade?

Tech trade group backs off hard-line stance on accounting for employee options; will "quarterly impact sheet" follow? Elsewhere: Qwest takes a mulligan, and Spitzer takes a whack at Citigroup.

Troubles Mount for AOL’s Management

The question: what did AOL insiders know -- and when did they know it? Elsewhere: push for reform ratcheted up, and Enron CEO lays blame for recent corporate scandals.