PracticeConsultingAndersens’ fees leap by 15%.

Andersens' fees leap by 15%.

Arthur Andersen has put aside the disappointment of missing out on $14.5bn (£10.35bn) compensation following its split with Andersen Consulting by unveiling record global revenues of US$8.4bn for the year ended 31 August 2000.

The announcement came as Andersen Consulting partners, meeting at the firm’s annual conference in Florida, revealed they were ‘extremely close’ to revealing new branding. They are also discussing the possibility of flotation.

Under the terms of the split it must ditch the Andersen name by the end of the year.

Arthur Andersen’s revenues – representing a 15.4% increase on 1999 – means the firm has achieved double-digit growth for the past seven consecutive years and 11 of the past 12 years.

Lou Salvatore, interim worldwide managing partner, said: ‘The results demonstrate that our clients are looking for the breadth of services that Arthur Andersen offers and that will help them succeed in the new economy.

‘It is also an endorsement of our ability to deliver those services in an integrated, global structure – one of the most significant points of differentiation, we believe, for Arthur Andersen,’ he added.

arthurandersen.com

andersenconsulting.com

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer