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

Productive accountancy firms lead the way

Accounting Firms Productive accountancy firms lead the way

2d Simon Adcock, HSBC
LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

Accounting Firms LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

3d Fergus Payne, Lewis Silkin
BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

1w Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

2w Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

2w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

3w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

3w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

3w Emma Smith, Managing Editor