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SunTrust, a banking company with a significant presence in the Southeast, which paid Andersen $1.7 million for its auditing and $1.4 million for other services last year, announced that it was replacing Andersen with PricewaterhouseCoopers earlier this month.
Late last year, for example, Deloitte & Touche gave Arthur Andersen, the Enron auditor, a healthy review for its auditing process.
Now weigh this up: last year, PwC was paid £10.4m by Tesco for its auditing services and a further £3.6m for other consultancy work.
That agreement came despite a 1989 Supreme Court ruling denying tax deductions for money paid in fees set by the Church of Scientology for its "auditing" and "training" services.
The remaining "big four" accounting firms have divested, or are in the process of divesting, their consulting arms the fact that Andersen earned $27m from non-audit work, compared to $25m for its auditing, was thought to have influenced its judgment.
In a memo sent this week to employees of KPMG titled "Xerox -- Anticipated Media Coverage," the firm's new chairman and chief executive, Eugene D. O'Kelly, said that in his "first official act" he met privately with Mr. Pitt last week and urged him to drop the agency's investigation into the firm for its auditing of Xerox.
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But last year it did sue Arthur Andersen for its audits of Waste Management.
Andersen is under fire for its audits of Enron and its acknowledged destruction of Enron documents.
In 2000, for instance, the Marriott International hotel chain paid Andersen $1m for its audit and $30.3m for other services; Motorola paid KPMG $3.9m for its audit and $62.3m for other services (see chart 2).
KPMG was heavily criticised for its audit of Carillion before its failure at the start of the year.
That penalty followed a £4.5m fine by the FRC in June, for its audit of Quindell in 2013.
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