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Wirecard+Ernst&Young is a sequel to the Enron+ArthurAndersen documentary > "60% of the total Andersen practices globally merged into Ernst & Young," https://e
by Cactus2018 6y ago
Wirecard+Ernst&Young is a sequel to the Enron+ArthurAndersen documentary
> "60% of the total Andersen practices globally merged into Ernst & Young,"
https://en.wikipedia.org/wiki/Arthur_Andersen https://en.wikipedia.org/wiki/Arthur_Andersen
- mardifoufs 6y agoAnd the rest rebranded to... Accenture. Interesting legacy
- fmajid 6y agoAccenture used to be Andersen Consulting, and was spun off long before the Enron scandal. Arthur Andersen accounting would have been absorbed by E&Y's accounting branch. Accounting firms have huge conflicts of interest because companies are allowed to choose their own auditors, but when they also offer consulting services, the conflict becomes even more egregious.
- teambayleaf 6y agoRight. And IIRC Arthur Andersen and Accenture had been kinda hostile to each other for a long time. It was funny because they seemed pretty much like brother companies from outside eyes. The trouble was that AA kept trying to invade the turf (= juicy consulting gigs) and it made partners of Accenture mad.