The Paris-based firm that recently announced the relaunch of a new Arthur Andersen network of accounting firms is fighting back against Andersen Tax, as both entities claim to hold the rights to the Andersen name, with the head of the new Andersen accusing its rival of “ego, arrogance, lies and greed.”
Last week, the new Arthur Andersen announced it had reconstituted the former Big Five firm in 16 countries, including the U.S. (see Firms vie over rights to Arthur Andersen name). The original Arthur Andersen collapsed in the wake of high-profile accounting scandals at several of its clients, including Enron and WorldCom, in the early 2000s. In 2014, a group of former Andersen partners resurrected the Andersen name, renaming a firm they had founded in 2002, WTAS, as Andersen Tax (see WTAS revives Arthur Andersen name as Andersen Tax). Andersen Tax is now operating in 58 locations around the world.
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