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Arthur Andersen LLP was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations.
Read on to learn more about Andersen in the past, present and future. 2002. On July 9, 2002, in the wake of Arthur Andersen's demise, Andersen announced that HSBC purchased a portion of Andersen's tax practice through a new subsidiary, Wealth & Tax Advisory Services, Inc. (WTAS).
For more than a half century, Arthur Andersen—cofounded as Andersen, DeLany & Co. in 1913 by Arthur E. Andersen, a young accounting professor who had a reputation for acting with integrity—was primarily an auditing firm focused on providing high-quality standardized audits.
Aug 31, 2022 · Two decades after Arthur Andersen LLP’s downfall, the firm that audited Enron Corp.’s financial statements remains a punchline for many, though some prefer to remember it as an...
Enron scandal, series of events that resulted in the bankruptcy of the U.S. energy, commodities, and services company Enron Corporation in 2001 and the dissolution of Arthur Andersen LLP, which had been one of the largest auditing and accounting companies in the world.
Under Kullberg's plan, Arthur Andersen was divided into two entities, an auditing and tax firm known as Arthur Andersen & Company and a consulting firm dubbed Andersen Consulting.
Arthur Andersen was one of America’s preeminent “Big Eight” accounting firms in the 20 th century. During their peak, the company was among the many that actively promoted operations research and management science methods in new industries.
