Andersen sued over US audit
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Your support makes all the difference.Arthur Andersen, the US accounting firm, is being sued for dollars 400m damages by Resolution Trust, the federal agency responsible for sorting out failed Savings and Loans - the US equivalent of building societies. The claim, the largest ever made by Resolution, alleges the firm was negligent in auditing the accounts of the Houston-based Benjamin Franklin Savings Association, which collapsed in 1989.
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