[CatoRenasci]

In my experience, and I've dealt with all of the big accounting firms here and several abroad, is that Andersen's hubris was something special, an order of magnitude greater than the others. I think that's why you see so much Schadenfreude in the industry over their humbling and probable demise.

The article you referred to on the partnership issues was good, although necessarily superficial. My practice involves a significant amount of corporate/partnership governance and mergers & acquisitions work. The word I hear on the street doesn't look good for AA.

[xeno]

...Andersen's hubris was something special, an order of magnitude greater than the others...

Enron's hubris was something special, an order of magnitude greater than the others in the energy industry. How poetic that they crash and burn together.