Andersen was found guilty 15 June 15, 2002, of destroying documents related to its audits of bankrupt energy giant Enron, its largest client. Its audit practice ceased operations in August of the same year.
Since then the firm has effectively disintegrated with its various arms around the world being sold off or merged into other Big Four firms. In the UK Deloitte brought in the partners from Andersen.
This latest ruling follows Andersen’s bid to get the court to reverse its conviction, urging errors in four evidentiary rulings, misconduct by the prosecutor in his rebuttal jury summation, and two legal contentions regarding required proof, WebCPA reported.
Circuit Judge Patrick E. Higginbotham wrote in a 42-page decision: ‘We are not persuaded that this conviction is flawed by reversible error and we affirm the judgement of conviction.’
‘Andersen provides no authority to justify reversal of the jury?s verdict, and we find none. To the contrary, Andersen?s various assertions are belied by the underlying events.’
Andersen was said to be disappointed but not surprised by the ruling.
Andrew Howson joins the firm from EY, bringing experience in advising private equity and corporate clients across multiple sectors in the UK and Europe
Dennis Layton takes up the position on April 1 and will contribute to the firm’s goal of becoming the leading global professional services organisation by 2020
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'