PracticeAccounting FirmsAndersen KPMG deal may be ‘off the table’

Andersen KPMG deal may be 'off the table'

The merger of Andersen and KPMG could be under threat after an Andersen managing partner in Asia was reported as saying the talks are now 'off the table'.

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.

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