Andersen's Client Losses Continue
Freddie Mac replaced Andersen with PricewaterhouseCoopers, the firm that so far seems to be reaping the largest benefit from Andersen defectors. Freddie Mac will continue to use Andersen for consulting services.
Freddie Mac paid Andersen $1.1 million for audit services in 2000 and $8.2 million for consulting services.
A statement released by Freddie Mac said, "Arthur Andersen has provided Freddie Mac with high quality audit service since 1970, and Freddie Mac will continue to benefit from Arthur Andersen's knowledge and expertise through an ongoing consulting relationship."