The move to limit services offered to audit clients is seen as reaction to the Enron scandal currently battering the profession’s image. In the past, E&Y and other Big Five firm had vehemently fought against such an idea.
Andersen in the US said on Sunday it was creating a special oversight board to tighten controls within the firm. KPMG and PricewaterhouseCoopers broadly backed the proposals saying they would support similar changes.
Deloitte & Touche is now the only Big Five firm that continues to fight against moves to separate its consulting and audit arms.
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
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel