Accenture Replies to Rafe's Claims
By Submitted Article
Tuesday, June 17, 2008 02:15 PM
The following letter has been received by Opinion 250:
Dear Editor:
Re: The Written Word: June 12, 2008 by Rafe Mair
Despite our explaining the facts of the situation to Rafe Mair several times, he continues to falsely link Accenture with Arthur Andersen and Enron. It is wrong and harmful that Mr. Mair continues to make these erroneous and misleading statements. While we understand that Mr. Mair is entitled to express his opinion, he is not entitled to create his own facts.
We would like readers of Opinion250 to know:
•
Any attempt to link Accenture to Arthur Andersen and Enron is false and misleading.
•
Accenture is a management consulting, technology services and outsourcing company. Accenture does not now, and has never, engaged in the practice of public accounting.
•
From its establishment as Andersen Consulting in 1989 until its incorporation in 2001, Accenture was a separate legal entity from, and operated independently of, Arthur Andersen — a fact that the U.S. Securities and Exchange Commission recognized in 1990.
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In August 2000, an arbitrator’s decision in International Chamber of Commerce proceedings expressly recognized the legal separateness of Accenture from Arthur Andersen and Andersen Worldwide. The arbitrator agreed that Accenture was not a subsidiary or division of Andersen. The arbitrator’s award terminated the contractual agreements between Accenture and Andersen Worldwide.
•
Accenture is disappointed that Mr. Mair continues to misrepresent the company’s history. We request that Opinion250 run a correction of this false statement as soon as possible.
Charmaine D'Silva
Manager, Media & Analyst Relations
Accenture Canada
The arbitrator’s decision also required Accenture (then doing business as Andersen Consulting) to relinquish the Andersen name. As a result, the company changed its name to Accenture on January 1, 2001.
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