PracticeAccounting FirmsAndersen UK distances itself from shredding charges

Andersen UK distances itself from shredding charges

Crisis-stricken Andersen has released a statement this morning claiming there is no evidence of any Enron documents related to the UK firm being 'deliberately destroyed' in London.

The statement follows the revelation that three Andersen employees from the Houston office – a partner and two support staff – shredded documents relating to the US firm in its London office while they were on secondment in the UK.

For the firm to avoid any disciplinary action in the UK, it will be crucial for the office to demonstrate that no UK-qualified staff took part in the shredding. No evidence has emerged that this was the case, and the UK firm has moved quickly to distance itself from the US-based revelations.

The statement from the UK firm, read: ‘No Enron-related documents connected with the work of the UK firm were disposed of inappropriately.

‘In the light of the disclosures in the USA earlier this year, we commissioned an investigation into whether the document destruction alleged to have occurred in Houston extended to papers supporting the work of the UK firm in London.’

It added: ‘In the course of the UK investigation, Andersen legal counsel Herbert Smith considered the implications of the alleged instruction given by the US. They concluded that, based on their enquiries, ‘there [was] no evidence that any material Enron related documents connected to the work of the UK firm was deliberately destroyed’.

Related Articles

EY director joins Crowe Clark Whitehill as partner

Accounting Firms EY director joins Crowe Clark Whitehill as partner

12h Emma Smith, Managing Editor
RSM announces growth across every business line in 2017

Accounting Firms RSM announces growth across every business line in 2017

3d Lucy Skoulding, Reporter
WorkStyle: Helping accountants to support new contractors

Accounting Firms WorkStyle: Helping accountants to support new contractors

1w ClearSky Accounting | Sponsored
Grant Thornton grows profits while radically reshaping portfolio

Accounting Firms Grant Thornton grows profits while radically reshaping portfolio

1w Alia Shoaib, Reporter
How to protect LLP firms from a damaging team move

Accounting Firms How to protect LLP firms from a damaging team move

1w Clive Greenwood, Lewis Silkin
Grant Thornton reports gender pay gap at 26.6%

Accounting Firms Grant Thornton reports gender pay gap at 26.6%

3w Alia Shoaib, Reporter
5 ways to adapt your accounting services for millennial clients

Accounting Firms 5 ways to adapt your accounting services for millennial clients

4w Receipt Bank | Sponsored
Smith & Williamson reports double digit growth

Accounting Firms Smith & Williamson reports double digit growth

4w Alia Shoaib, Reporter