Letter to Editor , Accenture Sets Record Straight

By 250 News

Re:  Letter to the editor published in Opinion250 on Tuesday. May 13, 2008 titled “The Written Word” by Rafe Mair.

Accenture is seeking to correct the record regarding the comment pertaining to Accenture’s history and association with Enron. 

• Arthur Andersen and Accenture have been legally separate, distinct and independent since 1989, each with its own management, partners, employees, capital, premises, business, clients and market place images.

• For more than a decade before Accenture’s arbitration with Arthur Andersen (later known simply as “Andersen”) concluded successfully in August 2000, Accenture was independent of Andersen.  It was not a subsidiary or division of Andersen and was not “owned” by Andersen.

• In August 2000, an arbitrator’s decision in International Chamber of Commerce proceedings expressly recognized the legal separateness of Accenture from Arthur Andersen and AWSC.  The arbitrator agreed that Accenture was not a subsidiary or division of Andersen.  The arbitrator’s award terminated the member firm agreements between Accenture and AWSC and, indirectly, the Andersen firms.

• The arbitrator’s decision also required Accenture (then Andersen Consulting) to relinquish the Andersen name.  As a result, the company changed its name to Accenture on January 1, 2001.

The intent of this letter is to present the factual history of the company and avoid a future occurrence of misrepresentation.  Please feel free to contact me if you have any questions or require further information.

Thank you,

Charmaine D'Silva

Manager, Media & Analyst Relations

Accenture Canada

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