The General Accountability Office and the Internal Revenue Service have added their own muscle to a Public Company Accounting Oversight Board proposal that would restrict the ability of accountants to provide tax services to audit clients.
In December, the PCAOB signaled its intent to prohibit auditors from offering tax services to audit clients on a contingent-fee basis, and bar them from providing any tax services to corporate officers who are "in a reporting oversight role of an audit client."
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