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Andersen Consulting and Accenture
Arthur Andersen & Co.'s consulting department is、1970From the 1980s onwards, its importance increased.、Growing at a much faster pace than traditional accounting, auditing and tax work。
To pursue an economy of scale、1989In 2019, there were discussions on the merger between Price Waterhouse and Arthur Andersen.、The negotiations failed。The main reason is、While Andersen had strong commercial ties with IBM、A conflict of interest was that PW was in charge of the audit of IBM.、The two companies' corporate cultures were fundamentally different.。
According to those involved in the merger negotiations、The partners who finally got to the table、I realized that their way of thinking about business is so different、The merger talk has been cancelled。
1989year、Arthur Andersen and Andersen Consulting、It has become separate business units under Andersen Worldwide Société Coopérative。However、The two continued to face fierce conflict throughout the 1990s.。Andersen Consulting achieved significant profit growth during this period.、Still, he was very unhappy with the transfer fee he had to pay Arthur Andersen.。
2000August 2019、By arbitration by the International Chamber of Commerce (ICC).、Andersen Consulting has been recognized as independent from Arthur Andersen。on the other hand、Arthur Andersen was ordered to pay $1.2 billion in payments that had been accumulated in escrow in the past.。Also、It has been determined that Andersen Consulting should not use the name "Andersen" in the future.。
the result、Andersen Consulting changed its name to "Accenture" on January 1, 2001.。
on the other hand、Arthur Andersen has obtained the right to retain the name "Andersen Consulting."、He renamed himself "Andersen."。
From Wikipedia: Arthur Andersen
