Arthur Andersen name revived by independent tax firm in California
WTAS (Wealth and Tax Advisory Services) has renamed itself Andersen Tax
Tuesday 02 September 2014
A dozen years after the demise of Enron auditor Arthur Andersen, part of its name is being revived by some of its former partners.
From today, WTAS (or Wealth and Tax Advisory Services), a San Francisco-based tax consultancy, has renamed itself Andersen Tax. It has 23 former Arthur Andersen partners who set up their own business after the audit firm’s disappearance after the $100 billion (£60.42 billion) accounting fraud by energy trader Enron.
“Our issues with Enron were the mistake of a few,” said chief executive Mark Vorsatz. “Irrespective of Enron, we thought we were the benchmark in the industry.”
But others believe that the name will always be associated with the Enron scandal which cost shareholders billions of dollars.
Lynn Turner, a former chief accountant at the US Securities and Exchange Commission who helped write new laws after Enron, said it was “incredible” that any company would seek to revive the Andersen name.
- 1 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 2 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 3 Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations
- 4 Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
- 5 UK weather: 'Coldest night of the year' tonight as freezing temperatures plummet to -10C
Millions of Britons struggling to feed themselves and facing malnourishment
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
Immigrants make UK racist, says Ukip councillor Trevor Shonk
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...