(Bloomberg) PricewaterhouseCoopers LLP’s acquisition of consulting firm Booz & Co., completed this week, has U.S. regulators eyeing the potential for conflicts of interest in the auditing industry— again.
The deal, one of the biggest by a major accounting firm in recent years, has focused new light on an aggressive push by the industry into more lucrative consulting work. The Securities and Exchange Commission and the oversight board for auditors are taking note, pledging to step up their scrutiny to prevent any impact on independent audits.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access