Former Andersen chief slams Big Four

Link: Berardino accuses US prosecutors of ‘over-reaching’

and Andersen special report

He said that a ‘dangerous complacency’ has struck the industry and that ‘the crisis did not rise up overnight and we cannot wish it away. The seeds were planted years ago’.

Berardino was speaking at a conference organised by the American Institute of Chartered Accountants and said that he had become dismayed at the attitude of the heads of the remaining Big Four.

‘They think it can’t happen to them,’ he said. ‘Talk to me a year ago and I would have said the same thing.’

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