Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Dog Gone

What the article gets wrong is that they think that Andersen had a good reputation up until now. They just haven't been paying attention. Andersen loves to tag team deals with its sister company Accenture so that it gets huge tech-side consulting fees while its audits are being performed. That's always been out-of-bounds as far as my ethics are concerned.

Moreover, Andersen has been sued to high heaven for numerous botched consulting and auditing arrangements. I know for a fact that O'Neal Steel here in Alabama took Andersen out to the woodshed in court for their failed consulting promises, and Andersen auditors reported as "sound" IHI's financial condition just days before it became the largest bankruptcy in Australian history.

But as crooked executives probably know all around the world, if you want your audit to look good, then hire Andersen for your audit and hire their system firm Andersen/Accenture for your tech consulting...

In fact, there has even been an entire published BOOK written about Andersen's ethical shenanigans back in the 1990's.

10 posted on 01/11/2002 4:37:40 PM PST by Southack
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Southack
DANGEROUS COMPANY

The Consulting Powerhouses and the Businesses They Save and Ruin
By James O'Shea and Charles Madigan
Times Business 355pp $27.50

That's at least one book that slams Andersen by name.

12 posted on 01/11/2002 4:41:53 PM PST by Southack
[ Post Reply | Private Reply | To 10 | View Replies ]

To: Southack
I am sorry to hear about your experience with Andersen but I think you are wrong to think the problem is isolated to one firm. In fact the problem may even be worse in second tier firms where partners are even more aggressive about getting and keeping new clients. And BTW, firm quality often varies significantly from office to office; much depends upon the makeup of the partners and managers in the local office.
13 posted on 01/11/2002 4:42:29 PM PST by independentmind
[ Post Reply | Private Reply | To 10 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson