PracticeAccounting FirmsAndersen faces UK backlash

Andersen faces UK backlash

Beleaguered Big Five firm Andersen is now facing the real threat that its troubles in the US around Enron could spill over into the UK.

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.’

Related Articles

Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin
EY, Deloitte lead Big Four in gender pay gap reporting

Accounting Firms EY, Deloitte lead Big Four in gender pay gap reporting

2m Emma Smith, Managing Editor