Texas Board Revokes Andersen’s License
Associated Press
Accounting firm Arthur Andersen lost its license to practice in Texas, the home state of its former client Enron Corp.
Andersen was convicted by a Houston jury in June of obstruction of justice in a federal investigation of Enron’s financial collapse. The collapse led to a December bankruptcy filing for the Houston-based energy trader.
Andersen had said it would cease auditing public companies by Aug. 31.
