The Big Four firms have collected a truckload of money for lobbying efforts in the fall federal elections, according to an analysis of Federal Election Commission filings by Accounting Today Washington correspondent Ken Rankin. Even Andersen, which is virtually defunct, managed in a difficult year to scrape up hundreds of thousands of dollars for its political action committee.
Following a difficult year for the accounting profession, the firms are apparently anxious to do whatever is necessary to rebuild their ailing reputations, and political donations are probably just the first of many steps to come.
