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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).
The brand was tarnished after Arthur Andersen became embroiled in the Enron scandal over 20 years ago. Now the Andersen Consulting name is being revived.
Berardino joined Arthur Andersen in 1972, after graduating from the Fairfield University Dolan School of Business with a B.S. in accounting. [1] [2] [3] He was admitted to the partnership in 1982, rising to head of Andersen's U.S. audit practice.
Accenture began as the business and technology consulting division of accounting firm Arthur Andersen in the early 1950s. [4] The division conducted a feasibility study for General Electric to install a computer at Appliance Park in Louisville, Kentucky, which led to GE's installation of a UNIVAC I computer and printer, believed to be the first commercial use of a computer in the United States.
Andersen Tax was established as Wealth and Tax Advisory Services in July 2002. In the wake of Arthur Andersen's demise, several former partners of Arthur Andersen formed Wealth and Tax Advisory Services USA Inc. (WTAS), a subsidiary of HSBC USA, Inc, to handle a portion of Arthur Andersen's tax practice.
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.
David B. Duncan (born 1960) is a former partner of Arthur Andersen, and was the United States government's star witness in the Arthur Andersen trial.He has said fears over interpretation prompted him to order the shredding of documents relating to Enron.
Capstone Partners is a full service middle market investment bank headquartered in Boston, Massachusetts. The firm was founded in 2001, at that time a wholly owned subsidiary of Arthur Andersen.