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When the scam is big enough, there are consequences for the auditors. Enron sank Arthur Andersen, for example. Didn’t hurt the consulting arm (now Accenture) though.

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I initially understood this to mean Accenture changed its name as a consequence of the Enron/Arthur Anderson scandal. But Anderson Consulting changed its name to Accenture in January 2001, and the scandal only became public later that year.

Seems like the two companies weren't very close even before that, the name change was required as part of a legal settlement with Arthur Anderson.

https://en.wikipedia.org/wiki/Accenture#Split_from_Arthur_An...

Pretty sure that the partners in Anderson took a big haircut after Enron.

That split was always pretty interesting to me. It seemed Andersen Consulting bristled at being attached to Arthur Andersen, mostly because Andersen Consulting had to pay 15% of their profits to Arthur Andersen. I figured that the limited partnership nature of consulting/accounting businesses meant that even individual divisions maybe felt their business was their business. The breakup started in 1997, but yeah it was ironic that they had agreed to jettison the name right before Arthur collapsed.

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