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Arthur Andersen went out of business after Enron and the big five became the big four. Maybe that was a good outcome in terms of accountability but there needs
by bradleyjg 6y ago
Arthur Andersen went out of business after Enron and the big five became the big four. Maybe that was a good outcome in terms of accountability but there needs to be some effective process for promoting new members if we are going to keep culling this club.
- 9nGQluzmnq3M 6y agoThey didn't go entirely out of business: their consulting arm is now known as Accenture.
- kevindkeogh 6y agoThe split happened prior to the Enron bankruptcy and was the result of a decade of litigation (Andersen consulting partners weren't happy with the profit-splitting with the audit partners).
- C1sc0cat 6y agoOne of the big 5 was banned from Uk government work for decades over the Delorean Scandal.
- skinnymuch 6y agoArthur Anderson if I’m recalling correctly didn’t go out of business so much as pushed out of business not fairly or completely legally by the feds.