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The article reports that court documents in a lawsuit filed against Wachovia bank show that the bank had long been aware of claims of fraud made against telemarketers who had accounts with the bank, and had in fact actively solicited their business. The lawsuit was filed against Wachovia by victims of those telemarketers. The documents also show that Wachovia was warned of the frauds by other banks and federal regulators.

Discusses the hearing before a United States House subcommittee into the collapse of Enron Corporation, including evidence that the company's auditors, Arthur Andersen, destroyed documents knowing they might be relevant to investigations. Refusal of David B. Duncan, an Andersen partner, to testify; Mounting impact on Washington of Enron's fall and how Enron's fortunes have intersected with politics; Comments of Arthur Levitt, former chairman of the Securities and Exchange Commission, and others.

Reports that the audit of the Brooklyn Office of the City Register had turned up 97 boxes of unprocessed papers, including uncashed checks. How the audit called the unprocessed checks; Results of the audit; Remarks from Nick Paolucci, a spokesman for city Comptroller Alan G. Hevesi; Other errors found by the audit.