December 14, 2004
Difficult to Find External Auditors Now...
With the conflict of interest provisions in Sarbanes-Oxley (An external auditor cannot do the entire Sarbanes-Oxley internal controls documentation and testing on the client side), auditors are taking on fewer and fewer audit clients to enable them to do work on the internal control side for any client.
Read this excerpt for more:
"Many audit firms have resigned the audit just to preserve the consulting business,” said Ron Conlin, a partner focused on accounting research at J.D. Power and Associates.
Accounting firms aren't just stealing one another's clients. They're stealing accountants, too.
Keglovits, for example, joined RSM McGladrey from Big 4 firm Deloitte & Touche about a year ago. David Hazels, heading Grant Thornton's Sarbanes work in Kansas City, came over from KPMG.
Accounting firms are also moving partners from their tax, human resources, benefits and other areas to help with Sarbanes. They have also hired away internal auditors who work at public companies and lured some accountants out of retirement." For the entire article, click here.
If your company has pursued purely a services solution to Sarbanes-Oxley, what are you going to do next year? Spend the same effort and money? Learn more about Issues Central Sarbanes-Oxley Compliance Playbook(tm) at www.issuescentral.com on how a content/tool can make your life simpler now and in the future
Read this excerpt for more:
"Many audit firms have resigned the audit just to preserve the consulting business,” said Ron Conlin, a partner focused on accounting research at J.D. Power and Associates.
Accounting firms aren't just stealing one another's clients. They're stealing accountants, too.
Keglovits, for example, joined RSM McGladrey from Big 4 firm Deloitte & Touche about a year ago. David Hazels, heading Grant Thornton's Sarbanes work in Kansas City, came over from KPMG.
Accounting firms are also moving partners from their tax, human resources, benefits and other areas to help with Sarbanes. They have also hired away internal auditors who work at public companies and lured some accountants out of retirement." For the entire article, click here.
If your company has pursued purely a services solution to Sarbanes-Oxley, what are you going to do next year? Spend the same effort and money? Learn more about Issues Central Sarbanes-Oxley Compliance Playbook(tm) at www.issuescentral.com on how a content/tool can make your life simpler now and in the future
