Subscribe to Entrepreneur for $5
Subscribe

Shred Away?

Why you need a document retention plan

By
This story appears in the November 2005 issue of Entrepreneur. Subscribe »

Just when you thought you'd be hearing no more about Arthur Andersen LLP, the U.S. Supreme Court overturned the accounting firm's conviction in May. In 2002, Arthur Andersen had been convicted for obstruction of justice after shredding documents related to Enron and its finances--suspiciously close to a government inquiry. That conviction led to the collapse of the accounting firm.

The Supreme Court ruled that the federal judge in Houston gave overly broad instructions to the jury on determining guilt, and ruled prosecutors should have had to prove that the firm actually intended to break the law.

Continue reading this article -- and everything on Entrepreneur!

Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!

3 months free with code ZENDESK

Presented by zendesk

3 months free with code ZENDESK