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.’