32What Is Ethics?And, of course, th

32
What Is Ethics?
And, of course, there is this well - known Enron/Andersen scandal. In Oc-
tober of 2001 Enron took a $1.1 billion charge related to write downs of
investments, some of which was attributed to partnerships run by Andrew
Fastow the chief financial officer. In December Enron filed for bankruptcy in
the biggest bankruptcy case in history in a New York bankruptcy court. Ac-
cording to Nanette Byrnes, it was a “huge case: ”
“ … A $50 billion bankruptcy, $32 billion lost in market cap, and employee
retirement accounts drained of more than $1 billion. The lapses and conflicts
on the part of Enron’s auditor Arthur Andersen are equally glaring. Andersen
had been Enron’s outside auditor since the 1980s, but in the mid - 1990s, the
firm was given another assignment: to conduct Enron’s internal audits as well.
For working both sides of the street, Andersen was rewarded richly. In 2000,
the firm earned $25 million in audit fees from Enron, and another $27 million
in consulting fees and other work.”
4
More recently, in 2005, KPMG was indicted for promoting abusive tax shel-
ters. The Department of Justice and the Internal Revenue Service on August
29, 2005, reported as follows:
“ KPMG LLP (KPMG) has admitted to criminal wrongdoing and agreed to pay
$456 million in fines, restitution, and penalties as part of an agreement to defer
prosecution of the firm.”
5
Later, there were troubles with BDO Seidman:
“ In 2007, the CPA firm BDO Seidman LLP was found ‘grossly negligent by a
Florida jury for failing to find fraud in an audit that resulted in costing a Por-
tuguese Bank $170 million. The verdict opens up the opportunity for the bank
to pursue punitive damages that could exceed $500 million.’”
6
Seven people, including the former chief executive and chairman of account-
ing firm BDO Seidman LLP, were charged criminally in an allegedly fraudu-
lent tax - shelter scheme that generated billions of dollars in false tax losses
for clients. In July 2009 the PCAOB (Public Company Accounting Oversight
7

Hasil (Bahasa Indonesia) 1:

32Apakah etika?Dan, tentu saja, ada ini baik - dikenal Enron Andersen skandal. Oc-tober 2001 Enron mengambil alih $1,1 miliar yang berkaitan dengan menulis turunnyainvestasi, beberapa di antaranya diatribusikan kepada kemitraan dijalankan oleh AndrewFastow officer financial kepala. Pada bulan Desember Enron filed kebangkrutan dikasus Kepailitan terbesar dalam sejarah di Mahkamah Kepailitan New York. AC-cording untuk Nanette Byrnes, itu adalah "kasus besar:"“ … Kepailitan $50 miliar, $32 miliar hilang dalam kapitalisasi pasar, dan karyawanrekening pensiun dikeringkan sebesar lebih dari $1 milyar. Penyimpangan dan conflictspihak Enron auditor Arthur Andersen sama mencolok. Andersentelah Enron luar auditor sejak 1980-an, tapi di pertengahan - 1990-an,Berlandaskan diberi tugas lain: untuk melakukan audit internal Enron juga.Untuk bekerja di kedua sisi jalan, Andersen dihargai kaya. Pada tahun 2000,berlandaskan memperoleh $25 juta dalam biaya audit dari Enron, dan lain $27 jutakonsultasi biaya dan pekerjaan lainnya."4Baru-baru ini, pada tahun 2005, KPMG didakwa untuk mempromosikan kasar pajak shel-Ters. Departemen Kehakiman dan Internal Revenue Service pada Agustus29, 2005, dilaporkan sebagai berikut:"KPMG LLP (KPMG) telah mengaku bersalah pidana dan setuju untuk membayar$456 juta di fines, restitusi dan hukuman sebagai bagian dari kesepakatan untuk menundapenuntutan berlandaskan."5Kemudian, ada masalah dengan BDO Seidman:"Pada tahun 2007, berlandaskan CPA BDO Seidman LLP ditemukan ' terlalu lalai olehJuri Florida gagal studi penipuan dalam audit yang mengakibatkan biaya Por-tuguese Bank $170 juta. Putusan membuka kesempatan bagi bankuntuk mengejar ganti rugi yang bisa melebihi $500 juta.'"6Tujuh orang, termasuk mantan chief executive dan Ketua account-ing berlandaskan BDO Seidman LLP, didakwa kriminal di diduga fraudu -dipinjamkan pajak - skema perlindungan yang dihasilkan miliaran dolar dalam kerugian pajak palsuuntuk klien. Pada bulan Juli 2009 PCAOB (pengawasan akuntansi perusahaan publik7