"

Estimated reading time: 1 minute, 23 seconds

SEC Restores CPA Who Reviewed Enron

secMichael Lowther, who was barred from appearing before the SEC in January 2008, has been restored to practice there. The SEC found that Lowther had met the conditions imposed as a result of his actions as concurring reviewer for Arthur Andersen's audits and reviews of Enron's financial statements.

Lowther reviewed Enron's financial statements for the year ended Dec. 31, 1997 through the third quarter ended Sept. 30, 2001. The SEC found he engaged in unprofessional conduct in his part in giving Enron unqualified opinions at the time its executives were engaged in massive fraud.

Also suspended for their role in the Enron audits were David B. Duncan, Andersen's former global engagement partner for the Enron engagement, and Thomas Bauer, a partner on the engagement and Michael C. Odom, who was practice director at Andersen for the Gulf Coast Region at the time. Duncan was permanently suspended from practice while Bauer and Odom each were barred for three years.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Read 5593 times
Rate this item
(0 votes)

Visit other PMG Sites:

Template Settings

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Text Color

Header

Background Color

Footer

Select menu
Google Font
Body Font-size
Body Font-family
Direction
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.