You think I'll ever check that box on the proxy form "Approve the appointment of Arthur Andersen as auditor" again?
Corporate accountants are, on paper, there to serve the stockholders. The stockholders supposedly select them, although stockholder voting, other than by instituions, is usualy a joke. But now stockholders can (fairly or not - from what I've heard AA is not significantly more corrupt than the other main firms) put a name to their pain, and that name is doomed.