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Accenture 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 accountin
by fmajid 6y ago
Accenture 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.