Andersen name in the UK may go by 1 July
Andersen today outlined its intention to be trading under the Deloitte & Touche brand by 1 July - following its announcement that it will be 'combining' with the firm as soon as possible.
A spokeswoman for the firm said the two parties hoped due diligence would be completed shortly, despite fears regulators may take issue with a Big Four.
Meanwhile, it was also revealed today that Andersen partners will remain liable for any actions taken against the firm in the UK, with Deloitte not taking on any responsibility for its new partner.
‘We are combining with Deloitte rather than merging. As a result no money will be changing hands and Deloitte will not be taking on any Andersen liabilities,’ the spokeswoman added.