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Developments related to the Enron collapse and investigation

Developments related to the Enron collapse and investigation:
  • Lawyers for auditing firm Arthur Andersen LLP promised to vigorously fight a federal criminal indictment for mass shredding of Enron-related documents at its Houston offices.
  • The Public Oversight Board, which oversees the accounting industry, urged the creation of a new body to regulate the accounting industry. The board voted to disband by March 31.
  • The Securities and Exchange Commission said the special reviews of the Big Five accounting firms - including Enron's former auditor Arthur Andersen - will be completed by Oct. 31.
  • The Houston Astros took down one of the three remaining huge outdoor Enron signs that once beckoned baseball fans to the team's downtown ballpark.
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