According to media reports, managing partner for Asia, John Prasetio, said his firm was now engaged in talks with Ernst & Young – despite Andersen calling a press conference in London two weeks ago to discuss its move with KPMG.
Ernst & Young had already confirmed it was merging with Andersen in Russia, Australia, New Zealand and is in talks with the firm in Singapore.
Andersen in Hong Kong and China are to merge with PricewaterhouseCoopers.
In a seperate hammer blow for the KPMG merger talks, Andersen in Spain, the dominant firm in the county, and a key target of KPMG, said it was engaged in talks with Deloitte & Touche.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars