PracticeAccounting FirmsUS experts call for tax consulting ban

US experts call for tax consulting ban

US professors says accountants should not be allowed to carry out potentially lucrative tax consulting work for clients they also audit.

Link: Ban called for tax work by auditors

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.

Related Articles

BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

4d Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

6d Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

1w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

2w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

2w Emma Smith, Managing Editor
RSM announces two partner promotions

Accounting Firms RSM announces two partner promotions

3w Emma Smith, Managing Editor
Backsourcing: The latest accountancy trend?

Accounting Firms Backsourcing: The latest accountancy trend?

1m Pillsbury Winthrop Shaw Pittman