Hartford, Conn. (July 11, 2002) -- Connecticut's State Board of Accountancy voted unanimously to consider revoking the license of embattled firm Andersen, a sanction that would end its practice in that state.The Board is scheduled to meet Sept. 5 to determine whether to officially pull Andersen's operating license.
However, Andersen, which had two offices in Connecticut, previously said it would end its audit practice Aug. 31. An Andersen representative referred to Connecticut’s threatened measure as "a pointless exercise."
The Texas State Board took similar action two months ago when it filed a notice that it would potentially pull the firm’s license to operate in Texas.
--Electronic Accountant Newswire staff
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