Arthur Anderson was the auditor of Enron and helped Enron in committing the fraud by applying reckless standards in auditing. Arthur Anderson was not only Enron's auditor but also provided consultancy to the firm. Thus, there was a clear conflict of interest here. Arthur Anderson deferred recognizing the charges from the SPVs (special purpose entities) as credit risks of Enron came to the fore. When SEC was investigating the case Arthur Anderson shed several tons of documents related to Enron's audit in an effort to cover up the fraud. During the Enron fraud Arthur Anderson did not full its professional responsibilities. This led to a severe damage in Anderson's reputation and goodwill when its role became a public knowledge. Arthur Anderson was found guilty of criminal charges relating to its handling of the Enron audit. This led the firm to voluntarily surrender its license to practice as CPA in USA in the year 2002. Arthur Anderson's consultancy arm still exists and is now known as Accenture