Arthur Andersen, the company, was founded in 1913. Arthur Andersen, the founder, was a university professor at a prestigious university outside of Chicago, Illinois, and the first to move into public accounting. His pioneering spirit fueled growth and prosperity. From day one, Arthur Andersen recruited the brightest students into his classes. Then, he turned them into "thoroughly trained accountants" who were able to go beyond the obvious in their work by using unique methodologies to improve financial performance.