Sec arthur andersen consulting operating agreement

Address:
33 West Monroe Street
Chicago, Illinois 60603
U.S.A.

Statistics:

Private Partnership
Incorporated: 1918 as Arthur Andersen & Company
Sales: $2.20 billion (2003)
NAIC: 541211 Offices of Certified Public Accountants

Key Dates:
1913: Arthur Andersen starts his own accounting firm, Andersen, DeLany & Company.
1918: After the departure of DeLany, Andersen's firm changes its name to Arthur Andersen & Company.
1932: Arthur Andersen & Co. is selected to represent Commonwealth Edison, the corporate entity controlled by Samuel Insull.
1947: Arthur Andersen's death passes leadership to Leonard Spacek, who shapes the firm into a genuine international company during his 26-year term as company leader.
1970s:Arthur Andersen & Co. becomes increasingly involved in providing consulting services.
1988: Arthur Andersen & Co. becomes the largest consulting firm in the world, deriving 40 percent of its revenues from the consulting side of its business.
1989: After years of internal discord, the firm is split into two companies, Arthur Andersen & Company (accounting services) and Andersen Consulting (consulting services); these two separate financial entities are governed by Switzerland-based Arthur Andersen Societe Cooperative, later named Andersen Worldwide SC, the ruling body of the worldwide Andersen organization.
1994: Arthur Andersen & Co. begins to develop its own consulting business.
1997: The retirement of managing partner and Chief Executive Officer Lawrence Weinbach renews hostilities between the accounting and consulting factions.
2000: The International Court of Arbitration in Paris rules that Andersen Consulting can separate itself completely from Arthur Andersen & Co. and Andersen Worldwide.
2001: Andersen Consulting changes its name to Accenture Ltd.
2002: After becoming embroiled in controversy surrounding the collapse of Enron Corp., Arthur Andersen LLP is convicted of obstructing justice, a ruling that bars the company from offering auditing services to publicly traded companies.
2004: A federal appellate court rules that the 2002 conviction will remain intact.

• "Accountancy Mergers: Double Entries," Economist, December 13, 1997.
  
• "Andersen Consulting Announces Its New Name Will Be Accenture," Chicago Tribune, October 27, 2000, B4.
  
• Bahle, Jane Easter, "Shred of Evidence: Learn a Lesson from Arthur Andersen; Destroying Documents Makes You Look Bad," Entrepreneur, December 2002, p. 106.
  
• "British Accountants' Liability: Big Six PLC," Economist, October 7, 1995.
  
• "Count Down: Andersen," Economist, March 16, 2002, p. 14.
  
• Crawford, Krysten, "We're Not Dead Yet!," Corporate Counsel, September 2003, p. 43.
  
• "A Glimmer of Hope," Economist, April 1, 1995.
  
• "Finance and Economics: Disciplinary Measures," Economist, March 6, 1999.
  
• "Out of Control at Andersen," Business Week Online, March 29, 2002, p. 45.
  
• Randall, Robert, "The Fall of Arthur Andersen," Strategic Finance, July 2003, p. 32.
  
• Sachdev, Ameet, "Andersen Consulting, Athur Andersen Split Signals Industry-Wide Rifts," Chicago Tribune, August 13, 2000, p. B4.
  
• Schmeltzer, John, "Arbitrator's Ruling Separates Chicago-Based Consulting, Accounting Firms," Chicago Tribune, August 8, 2000, p. B2.
  
• Spacek, Leonard, The Growth of Arthur Andersen and Company, 1928-1973: An Oral History, New York: Garland, 1989.
  
• Stevens, Mark, The Big Six, New York: Simon & Schuster, 1991.
  
• Strahler, Steven R., "Andersen's Number Is Up: Without a Buyer, Bankruptcy Is Not Firm's Best Option," Crain's Chicago Business, March 18, 2002, p. 1.

Source: International Directory of Company Histories , Vol.68. St. James Press, 2005.