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Arthur Andersen LLP was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations. By 2001, it had become one of the world's largest multinational corporations and was one of the "Big Five" accounting firms (along with Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers).
Enron logo. The Enron scandal was an accounting scandal sparked by American energy company Enron Corporation filing for bankruptcy after news of widespread internal fraud became public in October 2001, which led to the dissolution of its accounting firm, Arthur Andersen, previously one of the five largest in the world.
The firm's comeback has been orchestrated by Andersen, a tax business founded in 2002 by former employees from Arthur Andersen, the once-prestigious accounting firm and the parent company of ...
In November 2001, accountants Arthur Andersen discovered a two-page letter detailing a side deal in which Enron put up cash collateral to ostensibly give Chewco the outside equity it required for SPE status. As part of the deal, JEDI was to make a $6 million distribution to a reserve account in order to secure part of the loan from Barclays.
Andersen Worldwide Société Coopérative (AWSC) was a Swiss-based entity which managed the global offices of accounting firm Arthur Andersen. It was also the parent corporation of Andersen Consulting (now called Accenture ) before its split in 2000.
Arthur Andersen LLP v. United States , 544 U.S. 696 (2005), was a United States Supreme Court case in which the Court unanimously overturned accounting firm Arthur Andersen 's conviction of obstruction of justice in the fraudulent activities and subsequent collapse of Enron .
1 What happened to Arthur Andersen's pensions?, both partners and staff? 1 comment. Toggle the table of contents. Talk: Arthur Andersen/Archives/2018. Add languages.
10 Andersen pensions lost due to arrogance of not ring-fencing the money. ... 12 This whole article. 2 comments. Toggle the table of contents. Talk: Arthur Andersen ...