AccountancyAge.com weekly news focus: Practice

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.

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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.

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