Arthur Andersen
1913–2002 American accounting firm / From Wikipedia, the free encyclopedia
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This article is about the company. For its founder, see Arthur E. Andersen. For the U.S. Supreme Court case, see Arthur Andersen LLP v. United States. For the songwriter and composer, see Arthur Olaf Andersen.
Arthur Andersen LLP was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations. By 2001, it had become one of the world's largest multinational corporations and was one of the "Big Five" accounting firms (along with Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers). The firm collapsed by mid-2002, as details of its questionable accounting practices for energy company Enron and telecommunications company WorldCom were revealed amid the two high-profile bankruptcies. The scandals were a factor in the enactment of the Sarbanes–Oxley Act of 2002.
Quick Facts Company type, Industry ...
Company type | Private |
---|---|
Industry | |
Founded | 1913; 111 years ago (1913) |
Founder | Arthur E. Andersen |
Defunct | August 31, 2002 (2002-08-31) (CPA licenses surrendered) |
Fate | Dissolved after the Enron scandal |
Successor | |
Headquarters | Chicago, Illinois , U.S. |
Revenue | US$9.3 billion (2002) |
Number of employees | 28,000 (2002) |
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