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These firms differ from other firms due to their total revenues, size, and global reach.
Arthur Andersen, a well-respected accounting firm that has served clients for more than 89 years is reeling from its involvement in the Enron Audits. Because of the actions of this accounting firm and many others there are literally thousands of former Enron Employees, who have lost their jobs and, much if not all, of their retirement savings.
The demise of Andersen following the firm’s indictment for obstruction of justice in the Enron case, and the disposition of their consulting practices by three of the remaining Big 4 firms, have dramatically changed the accounting profession...
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