AGB (Arthur A. Anderson)

Arthur Andersen, often abbreviated as AGB, was a major accounting firm founded in 1913. It provided auditing, tax, and consulting services to businesses worldwide. The firm gained notoriety for its involvement with Enron, a major energy company that collapsed in 2001 due to accounting fraud. This scandal revealed severe ethical and professional lapses, leading to Arthur Andersen's loss of credibility and eventual dissolution. The case highlighted the importance of ethics in accounting and prompted significant changes in regulations governing auditing practices, leading to the establishment of the Sarbanes-Oxley Act to enhance corporate accountability.