Sunday, July 6, 2008

Big Four accounting firms edge back into consulting biz

A half-dozen years after passage of the Sarbanes-Oxley Act, much of the compliance work is leveling off and large accounting firms are casting their eyes back to the consulting and midmarket audit work they previously abandoned.

"There's still a whole lot of things you can do for your audit clients that are not precluded by the Sarbanes-Oxley rules," said Anthony Conti, managing partner for the Philadelphia office of PricewaterhouseCoopers. "You obviously can't be part of management, you can't do things you're going to audit, you can't implement system, but you can certainly advise on systems."

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