AA partners vote to stick together

Article Abstract:

The proposal to separate Andersen Worldwide's (AW) consulting and accounting operations was rejected by an overwhelming majority of its partners. During its 1997 annual meeting, 93% of the 2,500 partners voted to keep Andersen Consulting (AC) and Arthur Andersen (AA) together. The separation was proposed to eliminate tensions between the two operations, which stem mainly from AC's stronger performance. AC has been subsidizing AA to level partners' incomes, but it now wants greater control over its own revenues. Relations between the two were further strained when AA itself entered the consulting business. One AA executive says internal conflicts at AW are understandable given its rapid growth.

Management Consulting Services, Business & Mgmt Consulting, Management, Business consultants, Management consultants, Andersen Consulting, Consulting services, Arthur Andersen & Co. (New York, New York), Andersen Worldwide SC

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World class

Article Abstract:

The Institute of Chartered Accountants in England & Wales (ICAEW) in April 2004 proposes to introduce two award schemes, in International Accounting Standards and in corporate tax, which would be in keeping with the instituteEs vision to provide a world-class suite of professional, business, and accountancy qualifications. Both schemes are subject to member approval by way of a simple majority vote that would be counted at the yearEs annual general meeting.

United Kingdom, Product standards, safety, & recalls, Taxes, Standards, Taxation, Corporate taxes, Institute of Chartered Accountants in England and Wales, Corporations

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