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.
Visitors to the site can also enter our competition to win a luxury weekend in Barclelona. The closing date is April 7. Please tell your colleagues about it.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast