PracticeAccounting FirmsKPMG unperturbed by Andersen UK probe

KPMG unperturbed by Andersen UK probe

KPMG's resolve to take over Andersen's non-US offices remains firm despite the news that the ICAEW is 'seeking evidence' from the US Department of Justice relating to the role played by Andersen's London office in shredding Enron-related documents.

A spokesman for KPMG said: ‘There’s no reason for us to adjust our plans at the moment. I think it’s an entirely reasonable thing for them [the ICAEW] to do that.’

Accountancy Age revealed today that the institute which regulates Andersen UK has petitioned the US Department of Justice to find out more information on the role played by the Andersen London office in the Enron affair.

The request comes after Andersen was indicted on criminal charges of obstruction. The indictment stated that Enron-related papers had also been destroyed at the London office. It was the first time that an Andersen office outside the US had been implicated in the Enron case.

John Ormerod, Andersen UK managing partner, this week said the allegations ‘are an outrageous smear on our practice here and are totally unjustified.’

Related Articles

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?

5h Fergus Payne, Lewis Silkin
BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

6d 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

1w 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

1w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

2w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

2w Emma Smith, Managing Editor
RSM announces two partner promotions

Accounting Firms RSM announces two partner promotions

3w Emma Smith, Managing Editor