Stronger, more independent audit system.
"Arthur Andersen LLP", based in Chicago, is a holding company and formerly one of the Big Four auditors/"Big Five" accounting firms among PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG, providing auditing, tax, and Consultant/consulting services to large corporations. In 2002, the firm voluntarily surrendered its licenses to practice as Certified Public Accountants in the United States after being Enron scandal/found guilty of criminal charges relating to the firm's handling of the auditing of Enron, an energy corporation based in Texas, which had Enron bankruptcy/filed for bankruptcy in 2001 and later failed. The other national accounting and consulting firms bought most of the practices of Arthur Andersen. The verdict was subsequently overturned by the Supreme Court of the United States. The damage to its reputation, however, has prevented it from returning as a viable business, though it still nominally exists.
One of the few revenue-generating assets that the Andersen firm still has is Q Center, a conference and training facility outside of Chicago.
More Arthur Andersen on Wikipedia.We will certainly appeal.
We made a business decision to settle this matter, without admitting or denying any wrongdoing, to enable our firm to move forward without the uncertainty and distraction of costly and protracted litigation in Arizona.
Conducted with rigor and in full accord with the standards of [the accounting] profession.
The Department has refused to allow the firm to tell its story to a grand jury, in violation of both Department policy and the basic precepts of fundamental fairness.
We are cooperating with all of the committees in Congress.
If you are someone who is traveling overseas for at least 14 days that includes April 15 and you are away on business, you get an automatic extension to June 15 to file your return, ... You just have to attach a statement to your return explaining that you were out of the country.
In addition to the costs of the software itself, organizations will encounter other up-front costs, including those resulting from the need for new hardware, administrator and end-user training, configuration and deployment of the new operating system, compatibility-testing, and possible re-engineering of application software.
Raises substantial doubt about its ability to continue as a going concern.
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