International consulting agencies Arthur Andersen and PricewaterhouseCoopers (PWC) have agreed to combine their practices in the Middle East, in a bid to substantially strengthen the firms' position in the region, according to a joint press release.
The integrated practice will thus become the largest audit and financial consulting firm in the region. A similar move towards merger with PWC was initiated by the partners of Andersen in Hong Kong and China.
PwC firms and associated entities provide audit and advisory services to companies and financial organizations throughout the Middle East region, through it 12 regional offices.
The worldwide PricewaterhouseCoopers organization employs more than 150,000 people in 150 countries.
Founded in 1913, Andersen is the brand name for the global network of professional services firms coordinated by Andersen Worldwide SC. Andersen, through its member firms, provides accounting, auditing, tax, consulting and advisory services. The firm employs 85,000 people in 84 countries. The worldwide firm recorded $9.3 billion revenues in 2001. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
