TEXAS CPA TO GIVE SEMINAR ON ENRON ACCOUNTING FAILURE
PASADENA, CA -- (SEND2PRESS NEWSWIRE via PRNetwire) -- April 9, 2002 -- Nationally renown lecturer, Michael J. Ussery is slated to give a seminar on April 17, 18 and 19, 2002, to local accountants and attorneys on four of the most widely publicized accounting failures of our time. The seminar will be presented in Pasadena, Irvine and San Francisco, California. Mr. Ussery's seminar will focus on the accounting mistakes made by the management and auditors of Enron, Waste Management, Sunbeam and Microstrategy, Inc.
The cost of each of these accounting failures was significant. The accounting failure of Sunbeam ultimately forced a corporate icon to seek bankruptcy protection, the accounting failure of Waste Management lead to the waste hauling giant being acquired by a much smaller rival and SEC sanctions against Arthur Andersen and 4 partners. The accounting failure of Enron is currently being investigated by 11 Congressional subcommittees, the SEC, the US Justice Department, the FBI and the US Labor Department and is subject to numerous civil lawsuits. Arthur Andersen has been indicted on criminal charges for shredding Enron related documents and is currently fighting for survival because of its involvement in Enron, Waste Management and Sunbeam. The accounting failure of Microstrategy resulted in class action lawsuit settlements of $55 million from PricewaterhouseCoopers and over $100 million from the company and Microstrategy management.
Focusing on the accounting and auditing mistakes, the seminar explores each company in depth and thoroughly explains how the companies ran afoul of accounting and auditing requirements that lead to the accounting failure. Case studies are presented that show how similar mistakes can happen in almost every company. Mr. Ussery is currently writing a book that will cover the same topics.
The seminar was developed and is being presented by noted lecturer, Michael Ussery. Mr. Ussery, a Texas CPA, has given over 100 lectures to CPAs around the country on such topics as IPOs, accounting for international operations, complying with SEC accounting and reporting requirements and current accounting topics. He is known for his casual and humorous style and his ability to simplify complex topics. Mr. Ussery brings a unique perspective to this seminar having worked as a senior manager auditor serving a client in the top 5 Fortune 500 list and working as controller and CFO of publicly traded corporations.
The seminar will be presented on April 17th at the Pasadena Hilton, 168 South Los Robles, April 18th at the Airport Hilton in Irvine, 188000 MacArthur blvd and April 19th at the Westin, 335 Powell street in San Francisco. The seminars are sponsored by the Center for Professional Education. For more information on registration and attendance, call 1-800-544-1114 or visit www.CPEOnline.com.
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