Andersen hires Volcker to restore confidence

US - Accounting giant Arthur Andersen, under attack for its auditing of Enron's finances, said Sunday it has tapped former Federal Reserve Board chairman Paul Volcker to help overhaul its business procedures.

Andersen CEO Joseph Berardino also said the Big Five auditor will no longer offer financial consulting services to its publicly traded audit clients and will stop providing internal audit services to those clients.

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