Andersen faces UK backlash

According to weekend reports, a number of major investment funds are threatening to vote against the firm’s re-appointment as auditor at company shareholder meetings.

And one fund manager has warned other accountancy firms not to link up with the embattled auditor.

The manager, who looks after £10bn of investments, told The Business newspaper: ‘Enron has struck a strong chord. We’re considering voting against the appointment of Andersen in the UK and US – and any firm that gets into bed with Andersen by rescuing them will get the same treatment.’

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