Once mighty Andersen, caught between a rock and a hard place following a federal indictment on obstruction of justice charges, spurned as a merger partner by fellow Big Five accounting firms and unsuccessful in its gambit to pay off potential litigants, looks headed toward bankruptcy court.
It's a precipitous and painful fall from grace for one of the most respected names in the accounting business. But history does hold some lessons for Andersen, which may prove helpful as the firm ponders which road to take next.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access