In a statement, the firm said: ‘After reviewing the possibility ofcombining with Andersen, Ernst & Young has concluded that as long as Enronand other Andersen litigation matters are unresolved, it is not in the bestinterests of our people, clients, and our firm to pursue such acombination.’
The firm informed the Andersen leadership of its decision to withdraw from talks this morning in the US.
Earlier today, KPMG became the third Big Five firm to be linked to rescue negotiations – Deloitte & Touche was reported to be in talks with the embattled firm earlier this week.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
Hundreds of jobs are secure after Spectrum Contracting has been sold out of administration to Minstrell Recruitment by FRP Advisory
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
The Practitioner discusses their timesheet militancy, and reaction to someone playing it fast and loose with the details...