Wednesday, March 14, 2012

Workers await merger news

More than 500 Bristol workers must wait to find out what aproposed merger of two of the UK's biggest accountancy firms couldmean for them.

KPMG and Arthur Andersen announced yesterday that they are intalks about the possibility of a tie-up of their operations outsidethe US, where Andersen is reeling from the fallout of the Enronscandal.

The firm's operation in the States was the auditor for the failedUS energy giant and owner of Wessex Water, which collapseddramatically at the end of last year and Andersen's Americanoperation is now facing charges over the alleged destruction of Enron-related documents.

A spokeswoman for KPMG said it was too early to say …

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