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The article forwarded to you by BuzzFlash:
Auditor Says Enron Documents "Destroyed or Deleted"
http://dailynews.yahoo.com/h/ap/20020110/ts/enron_doc
uments_2.html
Thursday January 10 3:38 PM ET
Auditor Says Enron Documents Gone
By MARCY GORDON, AP Business Writer
WASHINGTON (AP) - The firm that audited the books of
collapsed Enron Corp., Arthur Andersen LLP, disclosed
Thursday that a ``significant but undetermined''
number of documents related to the company had been
destroyed.
Federal law enforcement agencies and congressional
investigators are seeking the documents as part of
their inquiries into the failure of the giant energy-
trading company, which left countless investors
burned and employees out of work with billions of
dollars of losses in their Enron-heavy retirement
accounts.
The Big Five accounting firm said in a statement that
in recent months, electronic files and other
documents related to its auditing of Enron had been
destroyed or deleted.
Chicago-based Andersen said its company policy
``required in certain circumstances the destruction
of certain types of documents.''
However, the firm said, millions of documents related
to Enron still exist, and it has managed to retrieve
some of the deleted electronic files. Andersen said
it is continuing retrieval efforts through electronic
backup files, ``and is continuing in its efforts to
fully learn and understand all the facts related to
this issue.''
Andersen has asked Missouri Attorney General John
Danforth, a former U.S. senator, ``to conduct an
immediate and comprehensive review of Andersen's
records management policy and to recommend
improvements.''
Andersen's auditing work for Enron, which entered
last month into the largest corporate bankruptcy in
U.S. history, is being investigated by the Securities
and Exchange Commission.
The surprise announcement by Andersen came in a day
punctuated by revelations from members of the Bush
administration concerning Enron.
http://dailynews.yahoo.com/h/ap/20020110/ts/enron_doc
uments_2.html
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