U.S. drops prosecution of Arthur Andersen

HOUSTON, Nov. 23 (UPI) -- U.S. accounting firm Arthur Andersen will not be prosecuted over alleged misdeeds in the collapse of Houston-based Enron Corp.

Texas draws a bead on seven accountants

HOUSTON, Nov. 4 (UPI) -- The Texas state accounting board wants to discipline seven former Arthur Andersen accountants allegedly involved in the Enron Corp. collapse.

SEC mulls another accounting firm collapse

WASHINGTON, June 22 (UPI) -- U.S. regulators have begun preparing for the collapse of one of the so-called Big Four accounting firms.

KPMG seeking plea deal over tax shelters

WASHINGTON, June 16 (UPI) -- Accounting firm KPMG LLP is negotiating with U.S. Justice Department authorities to avert an indictment over its use of now-discredited tax shelters.

The Almanac

Today is Wednesday, June 15, the 166th day of 2005 with 199 to follow.
By United Press International

High court cans Arthur Andersen conviction

WASHINGTON, May 31 (UPI) -- The U.S. Supreme Court Tuesday tossed the conviction of the once-mighty Arthur Andersen accounting firm, which collapsed in the Enron Corp. debacle.

High court hears Andersen case

WASHINGTON, April 27 (UPI) -- The U.S. Supreme Court heard argument Wednesday on whether former auditing giant Arthur Andersen LLP committed witness tampering by shredding documents.

The Almanac

Today is Saturday, April 9, the 99th day of 2005 with 266 to follow.
By United Press International

The Almanac

Today is Monday, March 14, the 73rd day of 2005 with 292 to follow.
By United Press International

Words Matter: Business school lessons

DALLAS, Feb. 24 (UPI) -- Are the nation's graduate business schools shortchanging students by not teaching students about the critical role of strategic communications in managing corpo

Restoring corporate trust

HOUSTON, Feb. 9 (UPI) -- Among the more embarrassing cartoon strips lampooning corporate CEOs over the last several years was cartoonist Rick McGee's sketch of two burglars breaking int
ARCHIE W. DUNHAM and LES T. CSORBA, Outside View Commentators

WorldCom settlement falls through

NEW YORK, Feb. 3 (UPI) -- Ten former WorldCom Inc. directors are headed for a New York trial after their acceptance of a multimillion dollar settlement collapsed.

Court to review Andersen case

WASHINGTON, Jan. 7 (UPI) -- The U.S. Supreme Court Friday agreed to review the case of Arthur Andersen LLP, which was convicted of witness tampering in the Enron investigation.

Appeals court upholds Andersen conviction

HOUSTON, June 16 (UPI) -- A federal appeals court Wednesday upheld the conviction of the accounting firm Arthur Andersen LLP in the Enron Corp. investigation.

The Almanac

Today is Tuesday, June 15, the 167th day of 2004 with 199 to follow.
By United Press International
Page 2 of 19
Arthur Andersen
WAP2002070807 - WASHINGTON, July 8 (UPI) -- (L to R) Melvin Dick, former Senior Global Managing Partner of Arthur Andersen, Bernard Ebbers, former C.E.O of WorldCom, Scott Sullivan, former Chief Financial Officer of WorldCom, and Jack Grubman, Telecommunications Analyst of Salomon Smith Barney are sworn in before the House Committee on Financial Services on July 8, 2002, in Washington. Congress is investigating wrong doing by the telecommunications giant for misleading the public to boost stock prices..mk/Michael Kleinfeld UPI

Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms among PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG, providing auditing, tax, and consulting services to large corporations. In 2002, the firm voluntarily surrendered its licenses to practice as Certified Public Accountants in the United States after being found guilty of criminal charges relating to the firm's handling of the auditing of Enron, the energy corporation, resulting in the loss of 85,000 jobs. Although the verdict was subsequently overturned by the Supreme Court of the United States, it has not returned as a viable business.

One of the few revenue-generating assets that the Andersen firm still has is The Q Center, a conference and training facility outside of Chicago. The former consultancy arm of the firm, now known as Accenture, which had split from the accountancy side in 1987 and renamed themselves after splitting from Andersen Worldwide in 2000, continues to operate.

Andersen was orphaned at the age of 16 at which point he began working as a mailboy by day and attended school at night, eventually being hired as the assistant to the controller of Allis-Chalmers in Chicago. At 23 he became the youngest CPA in Illinois.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Arthur Andersen."
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