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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).
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 .
Andersen Consulting was once one of the top names in professional services. The firm rebranded to Accenture in 2000, and its parent company went bust following the Enron scandal.
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.
In 1997, Andersen Consulting asked to break away from Andersen Worldwide. Three years later, after a long arbitration process under the International Chamber of Commerce, Andersen Consulting finally broke away agreeing to relinquish the use of the name "Andersen" by 1/1/2001. Sources often mis-reported that Andersen Consulting had to pay $1 ...
Nancy Temple, second from the left, testifies with other Arthur Andersen witnesses on January 24, 2002. Nancy Anne Temple is an attorney specializing in accounting liability . She was the in-house attorney for Arthur Andersen , who advised Michael Odom and David B. Duncan about Arthur Andersen policies regarding retention of documents from ...
Berardino became managing partner – chief executive officer of Andersen Worldwide (the governing body of Andersen's operations in 84 countries including 85,000 people) in January 2001 shortly after its split with Andersen Consulting (Accenture). When Andersen's client Enron declared bankruptcy in the highly publicized Enron scandal, Berardino ...
Jamshed "Jim" Wadia (born 1947) was a CEO of Arthur Andersen in August 1997, a post from which he resigned on 7 August 2000 due to his inability to favorably steer the then impending spinning off of Andersen Consulting, now known as Accenture, one of the largest consulting firms in the world at the time.