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Thank you, Sarbanes-Oxley

Thank you, Sarbanes-Oxley

by Rick Turoczy on December 27, 2004

How’s this for irony? Three auditors who lost their jobs when Arthur Andersen folded in the wake of the Enron scandal now find themselves up to their ears in work. They’re auditing local businesses that are racing to meet Sarbanes-Oxley regulations devised to prevent another fraud like Enron.

But that’s not all.

The co-founders named their San Jose firm Blueback, the nickname for the blue forms that Andersen’s auditors used to detail their clients’ accounting flaws.

And co-founder Kim Le’s last name is pronounced “Lay.” That’s right, like Ken Lay, Enron’s deposed chief. (Who could blame her for telling people it sounds like snack-maker Frito-Lay instead?)

Le, 32, says she never considered leaving Andersen in the eight years she worked in its San Jose office. In the end, she had no choice. The crumbling accounting giant sold its audit arm while she was on maternity leave with her first child in 2002.

Thank you, Sarbanes-Oxley

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