[In] January [1999], partners and e

[In] January [1999], partners and employees at PricewaterhouseCoopers were
found by the S.E.C. to have routinely violated rules forbidding their ownership
of stock in companies they were auditing. The investigation found 8,064 violations at the firm, which then dismissed five partners. Pricewaterhouse said at the
time that it did not believe that the integrity of any audit had been compromised
by the violations.3
The role Arthur Andersen played in the Enron collapse led Business Week to
author a special report called “ Accounting in Crisis. ” According to the article:
“ As shocking as Enron is, it ’ s only the latest in a dizzying succession of accounting meltdowns, from Waste Management to Cendant. Lynn E. Turner, former
chief accountant for the SEC and now a professor at Colorado State University,
calculates that in the past half - dozen years investors have lost close to $200
billion in earnings restatements and lost market capitalization following audit
failures. And the pace seems to be accelerating. Between 1997 and 2000 the
number of restatements doubled, from 116 to 233. ”4

Hasil (Bahasa Indonesia) 1:

[Di] Januari [1999], mitra dan karyawan di PricewaterhouseCoopers yangditemukan oleh SEC secara rutin melanggar aturan-aturan yang melarang kepemilikan merekasaham di perusahaan mereka audit. Penyelidikan ditemukan pelanggaran 8,064 di perusahaan, yang kemudian diberhentikan lima orang mitra. PriceWaterhouse kata padawaktu itu ia tidak percaya bahwa integritas audit apapun telah dikompromikanoleh violations.3Bermain peran Arthur Andersen di Enron runtuhnya dipimpin Business Week untukpenulis laporan khusus yang disebut "Akuntansi dalam krisis." Menurut artikel:"Sebagai mengejutkan sebagai Enron, itu adalah hanya terbaru dalam serangkaian memusingkan akuntansi kebocoran, dari pengelolaan limbah untuk Cendant. Lynn E. Turner, mantankepala akuntan untuk SEC dan sekarang profesor di Colorado State University,menghitung bahwa dalam setengah - belasan tahun investor telah kehilangan ke $200miliar dalam pendapatan restatements dan mengikuti kapitalisasi pasar hilang auditkegagalan. Dan kecepatan tampaknya akan mempercepat. Antara 1997 dan 2000jumlah restatements dua kali lipat, dari 116 ke 233. "4