Financial Daily from THE HINDU group of publications
Saturday, May 04, 2002
Financial Daily from THE HINDU group of publications Saturday, May 04, 2002 |
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Announcements Corporate - Announcements KPMG abandons talks with Andersen Our Bureau
NEW DELHI, May 3 KPMG, a leading professional services firm, on Friday announced that the discussions for combining Andersen's operation in India have been abandoned. A statement issued by KPMG said that a decision has now been taken against a ``comprehensive combination of Andersen and KPMG in India'' even though the discussions between the two firms had proceeded on a constructive basis with mutual understanding of and respect for each other's position. The discussions have been complex, particularly with regard to ensuring that the KPMG brand and reputation are safeguarded against any risk and are fully protected against any litigation or contingent liabilities, the statement added.
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