Accounting firms are making headlines again and it has nothing to do with auditing. Instead it deals with tax advice--what is commonly being described as the selling of tax shelters. And once again, like with Enron, it doesn't involve the local or regional firms, but rather the national ones.

The press is portraying this advice as having been packaged in a slick, hush-hush sales presentation. You also have the IRS investigating a number of national firms and the clients who follow those firms' advice suing them. It gets rather involved.

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