Take a close look at some audit disasters, and you may agree with the SEC's outgoing chairman, Arthur Levitt: Accounting work and consulting work really shouldn't be under the same roof. The earthquake tearing though the ac-counting profession is separating auditors from consultants.Accenture, the consulting firm, is divorced from Arthur Andersen, the accounting firm; Ernst & Young, the accounting firm, sold off its consulting arm to Cap Gemini (see story, p. 86); KPMG just took its consulting business public, with a view to making it more independent. Talk abounds that PricewaterhouseCoopers may be the next Big Five accounting firm to do a split.
展开▼
