Halliburton company - Case Study.
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HALLIBURTON COMPANY Case Study Jeff Sullivan March 6, 2003 HALLIBURTON CO. INTRODUCTION At the time, the announcement seemed like just another client dropping Arthur Andersen, LLP as an auditor. In the wake of the Enron debacle, Andersen was being dropped by its most prestigious clients one by one. In April 2002, Halliburton Co. announced that it was dropping Andersen, their auditors since 1946, in favor of KPMG. In approximately one month, it would be discovered that Enron was not the only Andersen client with questions regarding accounting records. However, this was not just another company with just another executive - the Halliburton CEO during the time period in question was the current Vice President of the United States, Dick Cheney. Mr. Cheney's tenure as CEO spanned six years, from 1995 to August 2000. The issues with Halliburton's accounting methods arise from entries altered during the 1998 fiscal year. The Securities and Exchange Commission...


