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Call it the Arthur Andersen effect. The spate of corporate accounting scandals has forced venture investors to tighten scrutiny of their portfolio companies. The financial skullduggery has prompted investors to overhaul attitudes toward accounting. The changes -- from accounting due diligence to tougher audit procedures -- represent a return to more conservative practices.
July 09, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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