Andersen receives Airtours boost
Under fire firm Andersen today received a boost after shareholders of package holiday giant Airtours resoundingly voted to retain its services as auditor at the company AGM.
According to Airtours, the proxy numbers for retaining the firm were 298,315,054, while those against were just 41,323,273. A further 2,772,407 abstentions were recorded at its Manchester meeting.
The shareholders agreed with its board, which sent out a resolution in early January to reappoint the firm – Andersen has been its auditor since 1996.
A spokeswoman for the holiday company, said: ‘There (was) no question of the board wanting the firm sacked.’
The boost comes just 24 hours after Andersen audit client Qwest Communications spoke highly of the firm’s past performance at a Congressional hearing.