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.
Andrew Howson joins the firm from EY, bringing experience in advising private equity and corporate clients across multiple sectors in the UK and Europe
Dennis Layton takes up the position on April 1 and will contribute to the firm’s goal of becoming the leading global professional services organisation by 2020
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'