Arthur Andersen, a name that many would have thought was forgotten in the dustbin of financial services history, is back. Only issue is it already did a comeback in 2014, so who is who in this Arthur Andersen legacy claiming game?
Early march, the French mainstream media was announcing the return of Arthur Andersen on the back of a press release distributed via LinkedIn which announced the revival of the Arthur Andersen international network.
However three years earlier, former partners of Arthur Andersen in the USA had announced the launch of Andersen Tax after having bought the rights to the name.
Sister publication International Accounting Bulletin looked into the directory of both groups. Many interviewees came to us to pledge for Andersen Tax and assure that its roots did go back to Arthur Andersen LLP, the original firm.
On the other hand, the “French” Arthur Andersen was rather coy in answering our questions and many of the member firms listed on their website turned out to be dead ends, or had a false address and one was even a member of another network and unsure of how its contact details had ended up there.
Andersen Tax has now filed a law suit against the individuals in France and the organisation Arthur Andersen & Co.
International Accounting Bulletin’s full report is available here: Brand wars: the return of Jedi Andersen