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Headquarters. Chicago, Illinois. , U.S. Revenue. US$ 9.3 billion (2002) Number of employees. 28,000 (2002) Arthur Andersen LLP was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations.
Arthur Andersen, Arthur Andersen LLP was one of the largest public accounting firms in the 1990s, with more than 85,000 employees operating in 84 countries. During the last decade of the partnership’s life, auditors at several regional offices failed to detect, ignored, or approved accounting.
Andersen is one of the largest independent tax firms in the world, founded in 2002 by former Arthur Andersen partners. Learn how Andersen acquired the rights to the iconic brand name and evolved over the years to offer a wide range of services.
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Aug 31, 2022 · Aug. 31, 2022 5:30 am ET. Share. Resize. Listen. (2 min) In 2002, Arthur Andersen was convicted by a Houston jury of obstructing the government’s investigation into Enron and stopped auditing...
Mar 28, 2024 · On June 15, 2002, Arthur Andersen was found guilty of shredding evidence and lost its license to engage in public accounting. Three years later, Andersen lawyers successfully persuaded the U.S. Supreme Court to unanimously overturn the obstruction of justice verdict on the basis of faulty jury instructions.
Arthur Andersen was once the world’s largest and most respected accounting and consulting firm, the first firm people thought of when they heard the words “Big Eight,” “Big Six,” and then “Big Five.” In many ways, Andersen created a community – a professional community that was at one time over 85,000 people strong in 80 countries.
Arthur Andersen LLC was found guilty of illegally destroying documents relevant to the SEC investigation, which voided its license to audit public companies and effectively closed the firm. By the time the ruling was overturned at the Supreme Court, Arthur Andersen had lost the majority of its customers and had ceased operating.
