KPMG joins Andersen feeding frenzy

KPMG joins Andersen feeding frenzy

A third suitor has emerged to buy up Andersen, joining the round of talks that is rapidly beginning to resemble the sale of the century.

According to reports in the US, KPMG is now actively looking at the embattled Big Five auditor, but is thought to be more interested in only acquiring Andersen’s European practices.

A spokesman for KPMG declined to comment on the talks but said: ‘Things are being kept under review.’

The move follows the news that both Deloitte & Touche and Ernst & Young were in discussions with Andersen, which could soon face criminal charges for obstruction of justice.

Of the Big Five, only PricewaterhouseCoopers currently remains uninvolved with merger talks.

Related Articles

It’s not just the potential of women at stake, it’s the potential of accountancy

Accounting Firms It’s not just the potential of women at stake, it’s the potential of accountancy

4d Jean Stephens, RSM International
PwC to net £50m from Carillion insolvency

Accounting Firms PwC to net £50m from Carillion insolvency

2w Alia Shoaib, Reporter
Mercer & Hole makes two new appointments

Accounting Firms Mercer & Hole makes two new appointments

3w Emma Smith, Managing Editor
Sexual harassment – is accountancy next for #MeToo?

Accounting Firms Sexual harassment – is accountancy next for #MeToo?

4w Karen Baxter, Lewis Silkin
Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

2m Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

2m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

2m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

2m Alia Shoaib, Reporter