According to the reports, Arthur Andersen is to resist splitting itself apart in response to the audit independence clampdown by the US Securities and Exchange Commission that has contributed to moves by PricewaterhouseCoopers and Ernst & Young to divide their audit and consulting businesses.
Instead it is going to deal with the regulatory pressures by an internal shake-up together with existing rigid internal controls.
The firm, which has been growing its consultancy practice since its fall-out with sister firm Andersen Consulting, has so far declined to confirm or deny the report.
Two major new services have been launched by AccountancyAge.com over the last week.
A new Web Directory, tailored to the needs of the financial professional, includes hundreds of links to relevant sites. It can be accessed using the Web directory button under ‘Essentials’ on the left-hand side of AccountancyAge.com pages.
There are also new Software Buyers Guides contained in a searchable area of AccountancyAge.com, accessed by using the yellow icon at the top of AccountancyAge.com pages.
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Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice