Accounting for the Big Five Breakups

Sweeney, Paul
October 2002
Financial Executive;Oct2002, Vol. 18 Issue 7, p16
Academic Journal
This article examines how several large accounting firms fared after accounting scandals and increased government oversight effected their business plans. An increased focus on conflict of interest between consulting and accounting provoked the divestiture of several firms. Ernst & Young LLP sold its information technology unit to Cap Gemini, while PriceWaterhouseCooper LLP sold its consulting division to IBM. Arthur Anderson ceased to exist as an accounting firm and its consulting division was renamed Accenture.


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