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The corporate entity collapsed, but the consulting business continued at Accenture (and notably BearingPoint, among others), and substantial portions of the acc
by smt88 3y ago
The 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 3y 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.