|
|
Article: Accounting firms 'too big' to audit.
- Article from:
- Financial News
- Article date:
- January 11, 2003
CopyrightCOPYRIGHT 2003 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Jeremy Adams in New York
An influential body charged with driving US corporate governance reform has questioned whether the remaining Big Four accounting firms are too large to be credible auditors.The Conference Board's Commission on Public Trust and Private Enterprise has called on the four to "rethink all aspects of their business models and practices to ensure providing quality audits is their number one goal".
Setting out the commission's position, Paul Volcker, commission member and former chairman of the board of governors at the US Federal Reserve, asked: "Is the huge financial conglomerate the right business model for firms providing ...