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.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal