New City, NY
Quoted from Bublehead:Very off topic but as it came up I need to clear up some "history"
Sorry Stemmy, look up the history behind Enron and4 people in an Arthur Anderson office in Texas killed the entire Arthur Anderson brand. My wife and I both worked for Accenture back in the days following the arbitrated divorce of AC IT consultants from AA into their own company/brand. AA was blamed for the whole Enron debacle, yet it was only the fault of those four people in one office. A whole bunch of innocent CPAs, support staff, and Corporate accountants lost their jobs as AA imploded and their clients/customers all pulled their work from AA. Accenture, however, had recently changed from Anderson Consulting to the new brand name of "Accenture" and so was spared from the AA downfall. It was touch and go there for a little while as Anderson Consulting employees chewed all their fingernails off worrying the related shame would suck their brand into the maelstrom... but AC was known for delivering, and as Accenture, kept up that part of their brand reputation and survived. Any CPA in the business should know (and remember) this event and cautionary tale, so don't throw all the AA CPA's under the Enron bus, just the four who deserved it.
I’d suggest there’s a “middle truth” somewhere. Gutting a billion dollar concern (and throwing an entire industry into chaos) because of 4 rogue accountants doesn’t pass the smell test. There was more to it than that.
Bermuda Triangle
