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.’
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