The firm’s chief executive Sam DiPiazza told a Senate Banking Committee that PwC had already lost 20% of its tax work in the country and was expecting to see further losses. He placed the blame for the drop in work on Sarbanes-Oxley, despite the Act not prohibiting auditors from carrying out such work.
‘Our tax practice has experienced a significant decrease in demand for these services from our SEC audit clients,’ said DiPiazza. ‘There seems to be a continuing drumbeat that auditors who provide tax services to audit clients are not independent.’
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
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