Andersen Global

Last updated
Andersen Global
Company type Verein; association of member firms
Industry Professional services
Founded2013;11 years ago (2013) [1]
Number of locations
170 countries[ citation needed ]
Key people
Mark Vorsatz (chairman) [1]
Services
Website global.andersen.com

Andersen Global is an association of legally separate, independent member firms providing services under the brand Andersen, Andersen Tax, Andersen Tax & Legal or Andersen Legal.

History

In July 2013, WTAS Global was founded by U.S. member firm WTAS LLC, a wealth and tax advisory firm that had been founded in 2002 by 23 former Arthur Andersen partners. [2] In 2014, WTAS LLC changed its name to Andersen Tax, and WTAS Global changed its name to Andersen Global. [3]

In 2018, Andersen Global announced several locations adopting the Andersen name, such as in Canada [4] and Uruguay. [5]

In Fall 2019, Andersen Tax changed its brand name to Andersen. [6]

In October 2019, Andersen Global announces Nangia Andersen India as its Indian Member Firm. [7] Nangia Andersen India is global network's 1st Indian Firm of Andersen Global. [8]

By the Fall of 2023, Andersen Global had grown to a headcount of roughly 14,000 professionals [9] in more than 400 locations (22 in the United States). [10]

In 2022, In interview with Hindu Business Line, Mark L Vorsatz, Global Chairman, Andersen Global along with Rakesh Nangia, Chairman, Nangia Andersen India expresses high optimism for the Indian economy [11]

Mark L Vorsatz, Global Chairman, Andersen Global and Rakesh Nangia, Chairman, Nangia Andersen India share their future expansion plans in an exclusive interview with Mint [12]

Related Research Articles

<span class="mw-page-title-main">Mergers and acquisitions</span> Type of corporate transaction

Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, business organizations, or their operating units are transferred to or consolidated with another company or business organization. This could happen through direct absorption, a merger, a tender offer or a hostile takeover. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position.

Arthur Andersen LLP was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations. By 2001, it had become one of the world's largest multinational corporations and was one of the "Big Five" accounting firms. The firm collapsed by mid-2002, as details of its questionable accounting practices for energy company Enron and telecommunications company WorldCom were revealed amid the two high-profile bankruptcies. The scandals were a factor in the enactment of the Sarbanes–Oxley Act of 2002.

The Big Four are the four largest professional services networks in the world: Deloitte, EY, KPMG, and PwC. They are the four largest global accounting networks as measured by revenue. The four are often grouped because they are comparable in size relative to the rest of the market, both in terms of revenue and workforce; they are considered equal in their ability to provide a wide scope of professional services to their clients; and, among those looking to start a career in professional services, particularly accounting, they are considered equally attractive networks to work in, because of the frequency with which these firms engage with Fortune 500 companies.

<span class="mw-page-title-main">Ernst & Young</span> Multinational professional services network

Ernst & Young Global Limited, trade name EY, is a multinational professional services partnership. EY is one of the largest professional services networks in the world. Along with Deloitte, KPMG and PwC, it is considered one of the Big Four accounting firms. It primarily provides assurance, tax, information technology services, consulting, and advisory services to its clients.

<span class="mw-page-title-main">PwC</span> Multinational professional services brand

PricewaterhouseCoopers International Limited is a British multinational professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting firms, along with Deloitte, EY, and KPMG.

<span class="mw-page-title-main">Infosys</span> Indian multinational technology company

Infosys Limited is an Indian multinational corporation that offers information technology services, business consulting, and business process outsourcing services. Founded in Pune, the company is headquartered in Bangalore.

<span class="mw-page-title-main">Tata Consultancy Services</span> Indian multinational technology company

Tata Consultancy Services (TCS) is an Indian multinational corporation specializing in information technology services, consulting, and business process outsourcing. Headquartered in Mumbai, it is a part of the Tata Group and operates in 150 locations across 46 countries. TCS is the second-largest Indian company by market capitalization.

Deloitte Touche Tohmatsu Limited, commonly referred to as Deloitte, is a multinational professional services network. Deloitte is the largest professional services network by revenue and number of employees in the world and is considered one of the Big Four accounting firms, along with EY, KPMG, and PwC.

<span class="mw-page-title-main">RSM US</span> Tax, accounting and consulting firm based in Chicago

RSM US LLP is an audit, tax, and consulting firm focused on the middle market in the United States and Canada and is a member of the global accounting network RSM International. RSM US has been ranked as the 7th most prestigious accounting firm in the US as voted on by accounting professionals. It employs more than 16,800 professionals across 81 cities nationwide and in Canada. RSM US also maintains offices in India and El Salvador.

<span class="mw-page-title-main">ASSOCHAM</span> Trade association in India

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) is a non-governmental trade association and advocacy group based in New Delhi, India. The organisation represents the interests of trade and commerce in India, and acts as an interface between issues and initiatives. The goal of this organisation is to promote both domestic and international trade, and reduce trade barriers while fostering conducive environment for the growth of trade and industry of India.

Dentons is the world's largest global law firm by number of lawyers and the 6th-largest law firm by revenue.

Forvis Mazars, LLP ranks among the U.S. top 10 public accounting firms, providing assurance, tax, and consulting services. In June 2024, Forvis Mazars Global network was formed between FORVIS and Mazars.

The Satyam Computer Services scandal was India's largest corporate fraud until 2010. The founder and directors of India-based outsourcing company Satyam Computer Services, falsified the accounts, inflated the share price, and stole large sums from the company. Much of this was invested in property. The swindle was discovered in late 2008 when the Hyderabad property market collapsed, leaving a trail back to Satyam. The scandal was brought to light in 2009 when chairman Byrraju Ramalinga Raju confessed that the company's accounts had been falsified.

R. Narayanaswamy is a retired Indian accountant and educator. He was Professor of Finance at the Indian Institute of Management Bangalore (IIMB) between 1986 and 2021.

<span class="mw-page-title-main">Baker Tilly International</span> Consulting and Public Accounting Firm

Baker Tilly International is a consulting and public accounting firm. It is currently the 9th largest accounting network in the world by revenue with 43,000 people in 700 offices across 141 territories with combined global revenues of US$5.2 billion. Baker Tilly operates geographically through four regions: Asia Pacific; Europe, Middle East and Africa; Latin America; and North America. Each region has a chair, appointed by the International Board, who leads an advisory council elected by members in that region.

Andersen Tax LLC is a tax firm headquartered in San Francisco, California, United States. It provides tax, valuation, financial advisory and consulting services to individuals and corporate clients. It has offices in Chicago, Baltimore, Boston, Dallas, Florham Park, Greenwich, Harrisburg, Houston, Long Island, Los Angeles, New York City, Orange County, Philadelphia, Pittsburgh, San Francisco, Seattle, Silicon Valley, Washington, D.C., West Palm Beach, Woodland Hills as well as South Africa.

<span class="mw-page-title-main">Punit Renjen</span> Indian-American businessman (born 1961)

Punit Renjen is an Indian-American businessman who has been chief executive officer of the multinational professional services firm Deloitte since June 1, 2015. Previously, Renjen was chairman and CEO of Deloitte Consulting LLP, and later, held the role of chairman of Deloitte LLP from 2011 to 2015. Effective December 31, 2022, Renjen became Global CEO Emeritus of Deloitte.

<span class="mw-page-title-main">BDO Global</span> International network of professional service firms

BDO is an international network of public accounting, tax, consulting and business advisory firms that provide professional services under the name BDO. It is the fifth-largest accounting network in the world. Global fee income of the member firms in the network for the year ended 30 September 2023, including the members of their exclusive alliances, totaled US$ 14 billion. Each BDO member firm is an independent legal entity in its own country. The network, founded in 1963 as Binder Seidman International Group by firms from Canada, Germany, the Netherlands, the UK and the US, is coordinated by BDO Global Coordination B.V., with an office in Zaventem, Belgium. In 1973, the organisation adopted the name BDO, made up from the initials of the three founding firms: Binder (UK), Dijker (Netherlands) and Otte (Germany).

Byju's is an Indian multinational educational technology company, headquartered in Bengaluru. It was founded in 2011 by Byju Raveendran and Divya Gokulnath. As of January 2024, Byju's made a valuation ask of $200 million, a sharp fall given its peak valuation of $22 billion in 2022. As of April 2023, the company claims to have over 150 million registered students.

<span class="mw-page-title-main">Zeta (company)</span> Indian banking tech company, founded 2015

Zeta is a next-gen banking tech company by founders Bhavin Turakhia and Ramki Gaddipati in 2015. The company provides credit and debit card issuer processing, BNPL, core banking and "mobile experiences". Zeta provides its products to banks and fintechs.

References

  1. 1 2 "UK firm Claritas Tax joins Andersen Global". Economia. Retrieved 25 February 2019.
  2. "Andersen Tax eyes expansion into Asia, Australia". Accounting Today. Retrieved 2019-02-26.
  3. Rapoport, Michael (2014-09-02). "Tax Firm to Revive Arthur Andersen Name". Wall Street Journal. ISSN   0099-9660 . Retrieved 2019-02-26.
  4. "W.L. Dueck joins Andersen Global, rebrands as Andersen Tax". Canadian Accountant - Accounting News, Business & Finance. Retrieved 2019-02-26.
  5. "Andersen Tax consolidates Uruguay presence | International Tax Review". www.internationaltaxreview.com. Retrieved 2019-02-26.
  6. "Moore Stephens and Andersen Tax rebrand". Accounting Today. 2019-09-09. Retrieved 2019-10-04.
  7. "Andersen Global announces Nangia Andersen as its Indian Member Firm". ET CFO. 2019-10-18. Retrieved 2024-07-31.
  8. "Nangia Andersen is global network's 1st Indian Firm". Times of India. 2019-10-19. Retrieved 2024-07-31.
  9. "Andersen Global Expands Valuation Practice". Wall Street Journal. Retrieved 2023-10-31.
  10. "Andersen rolls out global valuation practice". Accounting Today. Retrieved 2023-10-31.
  11. <Shishir Sinha>. "Andersen interview. India among our top three priorities globally: Global Chairman, Andersen". Hindu Business Line. Retrieved 2022-10-07.
  12. "Andersen to have 10% of future hiring from India". Live Mint. Retrieved 2022-10-11.