If you don’t get flack for the Enron audit what do you get it for?

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Reuters has reported that:

A former Arthur Andersen partner responsible for the Enron Corp account has settled allegations that he violated securities laws when he signed audit reports that were "materially false and misleading," the U.S. Securities and Exchange Commission said on Monday.

But, they note:

Duncan, who did not admit to or deny the allegations, has agreed not to appear before the SEC as an accountant. A fine was not levied against him.

Is that it?

I despair. If you don't get flack for the Enron audit what do you get it for in this profession?


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