According to reports, Andersen decided it could not sign a deal that had been negotiated for nine days because the probationary period of three years would have been too long.
The collapse of the deal will be a set back for the US Department of Justice, which had been relying on Andersen for assistance in its broader investigation of Enron.
At the same time, settlement talks with the various class action suits also collapsed.
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton