The Public Company Accounting Oversight Board is meeting next week to look at a proposed set of restrictions it will place on companies to ensure auditor independence.
It is expected to allow accounting firms to work on services such as filling in tax returns and tax planning for audit clients.
However, the PCAOB is expected to draw a line at work that involved tax avoidance.
Tax is the second biggest source of income for the big accounting firms in the US after audit, reports the Financial Times newspaper.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned