Accenture Response to Media Inquiry.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 22, 2002 In response to inquiries resulting from recent media coverage regarding the Andersen/Enron matter, Accenture (NYSE NYSE See: New York Stock Exchange : ACN ACN Accenture (stock symbol) ACN Accenture ACN Australian Company Number ACN Automatic Collision Notification (US DOT) ACN Acetonitrile ACN Anglican Communion Network ) today made the following statement: Some of the news coverage of the current situation facing Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing and Enron contains misconceptions and inaccuracies about the historical relationship between Accenture and Arthur Andersen. Accenture is not and never has been engaged in the practice of public accounting. Accenture had no involvement in Arthur Andersen's audit services, including audit services to Enron . Accenture LLP LLP - Lower Layer Protocol and Arthur Andersen LLP have been separate legal entities and have operated independently since 1989. In 1990, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities and Exchange Commission formally recognized Accenture LLP as an entity separate and distinct from Arthur Andersen LLP. In August 2000, based on an arbitrator's decision in the International Chamber of Commerce proceedings commenced by Accenture in 1997, all remaining historical contractual ties between Arthur Andersen and Accenture were completely severed. |
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