According to reports KPMG Consulting, the consulting arm of audit firm KPMG which was spun off in 1999, has signed a letter of intent to buy the bulk of Andersen’s consulting business.
KPMG plans to issue 6.5 million shares to partners over the next three years to stem any partner defections, according to news reports.
All Andersen units involved in the deal would have to approve the buy-out.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements