Lance's commonplace book points to the decline of Andersen's brand.  With two partners at every board meeting Enron had, it's clear they were a huge part of the problem.  Wall Street looks to auditors for one thing only:  integrity (less whether they were right or wrong, but that they approached the problems they uncovered from the right direction).  I expect a huge departure of clients from Andersen after this.  How can Wall Street trust their numbers? [John Robb's Radio Weblog]

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