Editing Big Four accounting firms (section)

=== Big Four ===
Finally, the insolvency of Arthur Andersen stemming from their involvement in the [[Enron scandal|2001 Enron Scandal]] produced the Big Four:

*[[Deloitte|Deloitte & Touche]] (now known as Deloitte)
*[[Ernst & Young]] (now known as EY)
*[[KPMG]]
*[[PwC]]

The [[Enron]] collapse and ensuing investigation prompted scrutiny of the company's financial reporting and its long time auditor, Arthur Andersen. The company was indicted for obstruction of justice for shredding documents related to the audit of Enron. The resulting conviction, although [[Arthur Andersen LLP v. United States|later overturned]], doomed Arthur Andersen, because most clients dropped the firm, and the company was not allowed to take on new clients while they were under investigation. Most of Arthur Andersen's international practices were sold to members of what is now the Big Four – notably EY globally; Deloitte in the United Kingdom, Canada, Spain, and Brazil; and PwC in China and Hong Kong.