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Arthur Andersen LLP was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations.
For more than a half century, Arthur Andersen—cofounded as Andersen, DeLany & Co. in 1913 by Arthur E. Andersen, a young accounting professor who had a reputation for acting with integrity—was primarily an auditing firm focused on providing high-quality standardized audits. But a shift in emphasis during the 1970s pitted a new generation of ...
Andersen in the U.S. was founded in 2002 by 23 former Arthur Andersen partners under the name WTAS. On September 2, 2014 WTAS announced it had acquired the rights to the iconic brand name Andersen and would rename itself Andersen Tax. In 2019, Andersen Tax became Andersen.
Aug 31, 2022 · Arthur Andersen’s Legacy, 20 Years After Its Demise, Is Complicated. The accounting firm, which went out of business in the aftermath of the Enron scandal, remains a joke for many. Others...
On January 17, 2002, Enron dismissed Arthur Andersen as its auditor, citing its accounting advice and the destruction of documents. Andersen countered that it had already ended its relationship with the company when Enron became bankrupt.
Arthur Andersen was once the world’s largest and most respected accounting and consulting firm, the first firm people thought of when they heard the words “Big Eight,” “Big Six,” and then “Big Five.” In many ways, Andersen created a community – a professional community that was at one time over 85,000 people strong in 80 countries.
The Enron scandal was a series of events that resulted in the bankruptcy of the U.S. energy, commodities, and services company Enron Corporation in 2001 and the dissolution of Arthur Andersen LLP, which had been one of the largest auditing and accounting companies in the world.
Sep 3, 2014 · US auditor Arthur Andersen is having its name resurrected more than a decade after it collapsed because of the Enron accounting scandal. Some of its former partners based in San Francisco have...
May 31, 2005 · The US Supreme Court on Tuesday overturned the Enron-related conviction of Arthur Andersen, the former accounting giant, dealing a substantial blow to the government's crackdown on...
• Arthur Andersen legal counsel instructs workers who audit Enron's books to destroy all but the most basic documents. October 16 • Enron reports a third-quarter loss of $618 million.
