E&Y takes Andersen in Russia
Accounting Firms

E&Y takes Andersen in Russia

24y AccountancyAge.com

E&Y takes Andersen in Russia

Ernst & Young has announced that its office in Russia is to merge with Andersen's business in the former soviet country. Read More...

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EXCLUSIVE: Andersen loses Hong Kong and China to PwC
Accounting Firms

EXCLUSIVE: Andersen loses Hong Kong and China to PwC

24y Alex Miller.

EXCLUSIVE: Andersen loses Hong Kong and China to P...

Andersen today suffered its first defections following its decision to merge with KPMG, after PricewaterhouseCoopers confirmed it has snapped up the u...

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'Not guilty', says Andersen in court
Accounting Firms

'Not guilty', says Andersen in court

24y Alex Miller.

'Not guilty', says Andersen in court

Under-siege Andersen has come out with all guns blazing in its battle for survival, after pleading not guilty in a Houston court to charges of obstruc...

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Andersen crisis: Competition issue, no issue
Accounting Firms

Andersen crisis: Competition issue, no issue

24y Alex Miller.

Andersen crisis: Competition issue, no issue

Andersen has expressed confidence that its planned salvage operation to merge with KPMG will not raise any competition concerns, despite admitting the...

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More merger hurdles for Andersen and KPMG
Accounting Firms

More merger hurdles for Andersen and KPMG

24y Michelle Perry

More merger hurdles for Andersen and KPMG

The emergency rescue deal brokered between embattled Andersen and its Big Five rival KPMG is just the beginning of a long process, warn rival partners...

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KPMG unperturbed by Andersen UK probe
Accounting Firms

KPMG unperturbed by Andersen UK probe

24y Michelle Perry

KPMG unperturbed by Andersen UK probe

KPMG's resolve to take over Andersen's non-US offices remains firm despite the news that the ICAEW is 'seeking evidence' from the US Department of Jus...

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Grant Thornton attacks Big Five
Accounting Firms

Grant Thornton attacks Big Five

24y Alex Miller.

Grant Thornton attacks Big Five

Grant Thornton has today launched an astonishing attack on the Big Five, claiming their monopoly over the mid-tier is 'dissolving in the face of incre...

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Andersen merger faces competition investigation
Accounting Firms

Andersen merger faces competition investigation

24y Accountancy Age

Andersen merger faces competition investigation

The European Commission today told Accountancy Age that it is 'fairlycertain' to investigate the proposed merger between Andersen's non-USoperations a...

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Andersen Worldwide will not charge exit fee
Accounting Firms

Andersen Worldwide will not charge exit fee

24y Damian Wild

Andersen Worldwide will not charge exit fee

Andersen and KPMG have some way to go in finalising the financial side of their proposed merger but Andersen will not have to pay a penalty to exit An...

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The end of the Big Five
Accounting Firms

The end of the Big Five

24y Damian Wild

The end of the Big Five

The decision by Andersen to pursue detailed merger discussions with KPMG signals nothing less than the end of the Big Five. Read More...

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KPMG reassures staff over Andersen merger
Accounting Firms

KPMG reassures staff over Andersen merger

24y Gavin Hinks

KPMG reassures staff over Andersen merger

Mike Rake, the senior managing partner of KPMG, has moved to reassure the firm's staff about the planned merger with crisis stricken Andersen. Read Mo...

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Andersen to shed consultants in KPMG deal
Accounting Firms

Andersen to shed consultants in KPMG deal

24y Damian Wild

Andersen to shed consultants in KPMG deal

Andersen will almost certainly lose a second consulting arm if the firm's proposed merger with KPMG goes ahead, the firm's UK managing partner for peo...

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Andersen to complete merger by 1 October
Accounting Firms

Andersen to complete merger by 1 October

24y Alex Miller.

Andersen to complete merger by 1 October

Andersen this morning expressed confidence that its planned merger with KPMG would not raise any competition issues and will be completed by 1 October...

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Andersen UK may go it alone
Accounting Firms

Andersen UK may go it alone

24y Alex Miller.

Andersen UK may go it alone

Andersen in London today revealed the breakaway of the UK partnership may be inevitable as 'it may not be possible' to sell-off of the group as one en...

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Andersen: Is this the end?
Accounting Firms

Andersen: Is this the end?

24y AccountancyAge.com

Andersen: Is this the end?

The once mighty name of Andersen is facing its final destruction with the firm's defeat in court. Read More...

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Reserved support for Andersen from FTSE-100
Accounting Firms

Reserved support for Andersen from FTSE-100

24y Adriana Zea

Reserved support for Andersen from FTSE-100

Andersen's FTSE-100 clients have cautiously come out in support of the embattled Big Five firm after it was indicted last night. Read More...

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Grant Thornton ready to swoop on Andersen
Accounting Firms

Grant Thornton ready to swoop on Andersen

24y Michelle Perry

Grant Thornton ready to swoop on Andersen

Mid-tier firm Grant Thornton has emerged as another contender to pick up Andersen divisions and partners seeking a way out of the quagmire into which ...

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Berardino accuses US prosecutors of 'over-reaching'
Accounting Firms

Berardino accuses US prosecutors of 'over-reaching'

24y Gavin Hinks

Berardino accuses US prosecutors of 'over-reaching...

Jo Berardino, managing partner at crisis stricken Andersen, has described the US indictment of his firm on charges of 'obstruction of justice' as 'ove...

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Mayflower weeds out Andersen
Accounting Firms

Mayflower weeds out Andersen

24y Alex Miller.

Mayflower weeds out Andersen

Stricken firm Andersen was left reeling today after losing its first UK audit client since becoming ensnared in the Enron affair - this despite assura...

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Sale of Andersen UK may never materialise
Accounting Firms

Sale of Andersen UK may never materialise

24y Michelle Perry

Sale of Andersen UK may never materialise

Any chance of Andersen selling off its UK partnership could be scuppered if it is hit by the maximum penalty of a disciplinary ruling - the removal of...

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Andersen UK distances itself from shredding charges
Accounting Firms

Andersen UK distances itself from shredding charges

24y Alex Miller.

Andersen UK distances itself from shredding charge...

Crisis-stricken Andersen has released a statement this morning claiming there is no evidence of any Enron documents related to the UK firm being 'deli...

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BDO shows interest in Andersen
Accounting Firms

BDO shows interest in Andersen

24y Adriana Zea

BDO shows interest in Andersen

BDO Stoy Hayward may be in line for rescue talks with Andersen after the Big Five firm was ditched by Ernst & Young and Deloitte & Touche. Read More...

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Deloittes walks away from Andersen
Accounting Firms

Deloittes walks away from Andersen

24y Philip Smith.

Deloittes walks away from Andersen

Deloitte Touche Tohmatsu last night joined Ernst & Young by walking away from a rescue deal for fellow Big Five firm Andersen. Read More...

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Andersen sales talk: is this the end of an era?
Accounting Firms

Andersen sales talk: is this the end of an era?

24y Alex Miller.

Andersen sales talk: is this the end of an era?

As news of sell-off talks between Andersen and Deloittes hots up, Alex Miller asks whether Enron really was an audit too far for Andersen and what the...

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Tenon halts acquisitions
Accounting Firms

Tenon halts acquisitions

24y Alex Miller.

Tenon halts acquisitions

Management at struggling consolidator Tenon have called time on its immediate acquisition programme, amid City concerns over its poorly performing sha...

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E&Y pulls out of Andersen talks
Accounting Firms

E&Y pulls out of Andersen talks

24y Philip Smith.

E&Y pulls out of Andersen talks

Ernst & Young today said that it had walked away from a possible rescue deal with Andersen in the US. Read More...

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EC likely to 'call in' Andersen merger
Accounting Firms

EC likely to 'call in' Andersen merger

24y Gavin Hinks

EC likely to 'call in' Andersen merger

A merger between Andersen and any other Big Five firm will almost certainly be reviewed by competition authorities at the European Commission, it has ...

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