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Ú Type Limited Liability Partnership


Ú Founded 1913
Ú Headquarters Chicago,Illinois,USA
Accounting
Professional services
Ú Industry Tax
Consulting
Licenses of certified public accountants
surrendered in 2002.
Ú Products Professional services



Ú Mevenues US$9.3billion(in 2002)

Ú Employees approx.200 as of 2007

Ú Website www.andersen.com


Ú Arthur Andersen LLP,based in Chicago, was one of the Dzbig


Fivedz accounting firms among
PricewaterhouseCoopers,Deloitte touche Tohmatsu,Ernst
& Young and KPMG providing auditing,tax,and consulting
services to large corporations.

Ú In 2002,firm surrendered its license to practice as CPA in


US after being found guilty of criminal charges relating to
the firms handling of auditing of Enron, as energy
corporation based in Texas resulting loss of 85,000 jobs.
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Ú Arthur Andersen (1885-1947)
Ú Arthur Andersen and Clarence Delany, both from Price
water house, bought out the audit company of Illinois to
form Andersen ,Delany & Co which became Arthur
Andersen & Co in 1918
Ú Andersen Consulting split from the parent in 1989 to
become the largest consulting firm in the world and was
renamed as Accenture on 01 Jan 2001.
Ú He graduated from Kellogg school at northwestern
university after attending courses at night while working
full time.
 

Ú He created the professions first centralized training


program and believed in training during normal working
hours.
Ú He was also chairman of the board of Certified Public
Accountant examiners Illionis.
Ú While practising accounting he was also associated with
Northwestern university as a lecturer and then professor.

m
Ú Andersen headed the firm until his death in 1947 was a supporter of
high standard in the accounting industry.

Ú A stickler for honesty, he argued that accountants responsibility was to


investors, not their clients management.

Ú Leonard Spacek,who succeeded Andersen continued this emphasis on


honesty.

Ú Andersenǯs motto was Dzthink straight and talk straightdz.

Ú In 1990ǯs Andersen had succeeded in tripling the per share revenues of


its partners.
   
  
Ú The consulting wing of firm became increasingly
important during 70ǯs and 80ǯs .

Ú In 1989,arthur Andersen and Andersen Consulting became


separate units of Arthur Andersen Society
Cooperative(wordwide)

Ú In August 2000 the conclusion if the International


Chamber of Commerce granted its Independence but
awarded as US$1.2 billion and its name is now Accenture
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