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For more than a half century, Arthur Andersen—cofounded as Andersen, DeLany & Co. in 1913 by Arthur E. Andersen, a young accounting professor who had a reputation for acting with integrity—was primarily an auditing firm focused on providing high-quality standardized audits. But a shift in emphasis during the 1970s pitted a new generation of auditors advocating for clients and consulting fees against traditional auditors demanding more complex auditing techniques.

Founded by accounting professor Arthur E. Andersen in 1913, the firm was based in Chicago. At its peak, Arthur Andersen employed about 85,000 people in 84 countries. Thousands of them found...

Arthur Andersen, the Limited Liability Partnership (LLP) firm was founded in 1913 and till 2001 it was one of the Big Five accounting firms in the world. One single but probably the biggest client of Arthur Andersen (“Andersen”) led to Andersen’s fall, which could never be overturned. Anderson won its case in the judicial proceedings but could never win back its clients.

Andersen in the U.S. was founded in 2002 by 23 former Arthur Andersen partners under the name WTAS. On September 2, 2014 WTAS announced it had acquired the rights to the iconic brand name Andersen and would rename itself Andersen Tax. In 2019, Andersen Tax became Andersen. Today, Andersen is one of the largest independent tax firms in the world.

Enron scandal, series of events that resulted in the bankruptcy of the U.S. energy, commodities, and services company Enron Corporation and the dissolution of Arthur Andersen LLP, which had been one of the largest auditing and accounting companies in the world. The collapse of Enron, which held more than $60 billion in assets, involved one of the biggest bankruptcy filings in the history of the United States, and it generated much debate as well as legislation designed to improve accounting ...

Then, a year ago, the U.S. Supreme Court unanimously reversed Andersen's conviction, saying the judge's instructions to the jury had been too broad. The high court ruling came too late to save...

CHICAGO, Aug, 31, 2002 -- After 89 years in business, Arthur Andersen LLP on Saturday ended its role as auditor of public companies. The Chicago-based company was convicted in June of obstruction of justice for shredding and doctoring documents related to Enron audits.

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