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What? Enron DID kill Arthur Anderson. They completely collapsed in mid 2002, right after Enron. They were also big players in the WorldCom collapse, so that con
by jjeaff 2y ago
What? Enron DID kill Arthur Anderson. They completely collapsed in mid 2002, right after Enron. They were also big players in the WorldCom collapse, so that contributed as well.
- smt88 2y agoThe corporate entity collapsed, but the consulting business continued at Accenture (and notably BearingPoint, among others), and substantial portions of the accounting business survives to this day as Andersen Tax and a few spinoff firms founded by ex-partners. The only reason we haven't "another Enron" is because of Sarbanes-Oxley, not because Arthur Andersen was sufficiently destroyed.
- stevesimmons 2y agoYour chronology is incorrect. - Arthur Andersen and Andersen Consulting split in 1989. It was an acrimonious divorce, with a long arbitration settlement finally concluding on 1 Jan 2000. - That settlement gave AA exclusive use of the Andersen name. So Andersen Consulting changed its name to Accenture on 1 Jan 2000. - Enron collapsed in 2001 and Arthur Andersen went out of business in 2002. So it's not accurate to say that AA's consulting business continued at Accenture; the split happened a decade earlier.
- bitcharmer 2y agoNah, they are now Accenture
- stevesimmons 2y agoNope, Accenture split from Arthur Andersen 13 years earlier, in 1989. See my other comment.