Andersen Consulting-PwC Merger Rumors Quashed

Talk of a merger between PricewaterhouseCoopers and the newly-unwed Andersen Consulting has been roundly condemned by the consultancy firm.

Consulting was not in merger talks with anyone, a spokesperson confirmed, after reports that the two were holding discussions.

Now that Andersen Consulting is free of Arthur Andersen's grasp, the rumor mill has been grinding with a variety of predictions and fantasies.

In London, the Sunday Times believes the firm is to go ahead with a $15bn flotation, creating over 2,500 multi-millionaires at the partner-owned firm, and so boosting a publicity drive when the firm loses its right to the Andersen Consulting name at the end of the year.

But Consulting would only say that the firm is looking at a variety of different ownership structures, and that an announcement would be made in due course.

A spokesperson for PwC said that, as with all previous suppositions about the future of the Big Five firm, it would not comment on rumors.

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Upcoming CPE Webinars

Apr 17
In this exciting presentation Excel expert David H. Ringstrom, CPA shares tricks that you can use with pivot tables every day. Remember, either you work Excel, or it works you!
Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.