Cardoso's job will focus on directing "an orderly process by which the individual member firms of Andersen Worldwide can pursue transactions that provide the best opportunities for their partners, employees and clients," according to a statement by the firm. Over the last few weeks, Andersen Worldwide's partnerships in other countries have been rushing to distance themselves from their U.S. affiliate, severing their ties to the worldwide network and announcing plans to join other big accounting firms.
But at a meeting of managing partners of Andersen Worldwide member firms on Thursday in London, several agreed to try to pursue deals in regional groups rather than partnership by partnership, said one person close to the discussions at the meeting.
"Some may go to E & Y, some may go to PWC," this person said, referring to Ernst & Young and PricewaterhouseCoopers, two other Big Five accounting firms. "They're going to work through the network."
RSS