PracticeAccounting FirmsAndersen shunned by Big Five rivals

Andersen shunned by Big Five rivals

Disgraced firm Andersen has been hit with another blow after rival Big Five firms and the American Institute of Certified Public Accountants objected to some of its proposals on reforming the industry.

PricewaterhouseCoopers, Ernst & Young, KPMG, Deloitte & Touche and the AICPA have in the past displayed public unity with the firm.

But the firms’ US arms now believe the reputation of Andersen is making it hard to lobby politicians in Washington, according to the Daily Telegraph.

The coalition reportedly phoned Andersen last week to say it would follow a ‘seperate path’.

A spokesman for Andersen was defiant, saying: ‘Regardless of who we are working with, Andersen is going forward with an agenda of strengthening our standards and taking the necessary steps to restore public confidence.’

Related Articles

Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin
EY, Deloitte lead Big Four in gender pay gap reporting

Accounting Firms EY, Deloitte lead Big Four in gender pay gap reporting

2m Emma Smith, Managing Editor