Arthur Andersen Audit Clients

Arthur Andersen was one of the "Big Five" accounting firms, known for providing auditing, tax, and consulting services to businesses. In the context of audit clients, Arthur Andersen reviewed the financial statements of various companies to ensure accuracy and compliance with laws and regulations. Their audits aimed to give stakeholders—like investors, creditors, and regulators—confidence in a company's financial health. However, their reputation suffered greatly due to the Enron scandal, which exposed improper accounting practices, leading to their eventual collapse in 2002. This highlighted the critical role of auditors in maintaining trust in financial reporting.