Arthur Andersen's recent troubles in the wake of Enron's financial meltdown and its uncertain future have begun wafting over to the fund industry.

According to data from Lipper, Andersen is the independent auditor to 410 mutual funds with total net assets of $167.2 billion, or about 6% of the mutual fund industry's assets. Among the industry's top 10 auditing firms, Andersen places fifth, far behind the fund industry's top auditor, PriceWaterhouseCoopers, which audits an overwhelming 55% of funds' assets with a collective $3.5 trillion in assets. Deloitte & Touche takes a distant second place as auditor for 1,100 funds and 18% of industry assets.

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