SEC warns investors need transparent disclosure in wake of Enron debacle. (Assurance Forum)

Accounting Today,  January, 2002  by Ken Rankin

Tags: Enron Corp., financial, SEC

• E-mail
• Print
• Link

WASHINGTON -- The Securities and Exchange Commission's chief accountant, Robert K. Herdman, called on the nation's auditors to undertake some rigorous soul searching as they examine corporate financial statements in the wake of Enron's financial meltdown.

With both Enron and its auditor, Andersen, under investigation by the Commission for failing to provide sufficient warning signals of the company's collapse, Herdman told accountants at the American Institute of CPA's National Conference on Current SEC Developments, here, that they must redouble their efforts to provide investors with "transparent disclosure" of vital financial ...