The accountancy professors Ronald Mano, Matthew Mouritsen and James Swearingen at Weber State University in Utah, argue that tax work requires the accountant to become an advocate for the client.
‘That is not compatible with audit work,’ say the professors in a joint paper for the US accounting magazine CPA journal.
The trio fear accountancy firms could harm the independence of their audit work by offering other consultancy services to the same clients.
‘If we are to survive government intervention and control that has been imposed on us, or perhaps survive at all, it is essential for us to be willing to bit the bullet,’ added the professors.
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton