Medes and Persians
Paul Foot: The Government’s Favourite Accountants, 2 November 2000
“... Everyone knows that the great accountancy houses, ‘the Big Six’, as they used to be called, wield the most astonishing power in the business world and the economy. Not so many know how much power they wield over the Government. The story of Arthur Andersen, and its burgeoning power, is especially interesting. Arthur Andersen is a proud survivor of the stampede of top accountancy firms to sue each other for alleged negligence in auditing and handling the accounts of clients who had gone bust in the recession of the early 1990s ... ”