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Arthur Andersen & Co. was ordered to pay $1.7 million, perform 10,000 hours of community service and train its audit staff better after settling charges that the giant accounting firm was grossly negligent in its audit of Lincoln Savings & Loan Association, the California board of accountancy said. Lincoln collapsed in April 1989 in what federal officials said at the time was a cost to taxpayers of $2.6 billion.
