PracticeAccounting FirmsAndersen settlement talks collapse

Andersen settlement talks collapse

Andersen will now almost certainly face a criminal trial over the destruction of Enron documents after settlement talks collapsed yesterday.

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.

Related Articles

PwC’s five strategic priorities for becoming ‘the leading professional services firm’

Accounting Firms PwC’s five strategic priorities for becoming ‘the leading professional services firm’

3d Emma Smith, Managing Editor
Mazars appoints new partner to accounting and outsourcing team

Accounting Firms Mazars appoints new partner to accounting and outsourcing team

3d Emma Smith, Managing Editor
FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

Accounting Firms FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

5d Emma Smith, Managing Editor
KPMG’s apprenticeship intake jumps to 181 in 2017

Accounting Firms KPMG’s apprenticeship intake jumps to 181 in 2017

2w Emma Smith, Managing Editor
284 new trainees join BDO

Accounting Firms 284 new trainees join BDO

2w Alia Shoaib, Reporter
PwC publishes 12.8% BAME pay gap

Accounting Firms PwC publishes 12.8% BAME pay gap

6d Emma Smith, Managing Editor
RSM recruits 288 trainees

Accounting Firms RSM recruits 288 trainees

1w Emma Smith, Managing Editor
Deloitte global revenues hit record $38.8bn

Accounting Firms Deloitte global revenues hit record $38.8bn

2w Emma Smith, Managing Editor