Wirecard – The “German Enron”, and a personal history

Re:Wirecard – The “German Enron”, and a personal history by bradleyjg on Monday June 22, 2020 @07:37AM (#23599121)

Arthur Andersen went out of business after Enron and the big five became the big four. Maybe that was a good outcome in terms of accountability but there needs to be some effective process for promoting new members if we are going to keep culling this club.

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Re:Wirecard – The “German Enron”, and a personal history by skinnymuch on Sunday June 28, 2020 @11:48PM (#23674168)

Arthur Anderson if I’m recalling correctly didn’t go out of business so much as pushed out of business not fairly or completely legally by the feds.

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Re:Wirecard – The “German Enron”, and a personal history by 9nGQluzmnq3M on Monday June 22, 2020 @08:51AM (#23599592)

They didn't go entirely out of business: their consulting arm is now known as Accenture.

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Re:Wirecard – The “German Enron”, and a personal history by kevindkeogh on Monday June 22, 2020 @09:03AM (#23599685)

The split happened prior to the Enron bankruptcy and was the result of a decade of litigation (Andersen consulting partners weren't happy with the profit-splitting with the audit partners).

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Re:Wirecard – The “German Enron”, and a personal history by C1sc0cat on Monday June 22, 2020 @11:36AM (#23601367)

One of the big 5 was banned from Uk government work for decades over the Delorean Scandal.

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