Comments on: How to save 43% on audit fees: dump Deloitte http://www.accmanpro.com/2008/01/12/how-to-save-43-on-audit-fees-dump-deloitte/ never knowingly under opinionated Thu, 18 Mar 2010 23:50:53 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Dennis Howletthttp://www.accmanpro.com/2008/01/12/how-to-save-43-on-audit-fees-dump-deloitte/comment-page-1/#comment-171647 Dennis Howlett Tue, 15 Jan 2008 17:23:15 +0000 http://www.accmanpro.com/2008/01/12/how-to-save-43-on-audit-fees-dump-deloitte/#comment-171647 Thanks for the clarification - it would have helped to have said that re: Deloitte. The piece is really unclear on what tier 2 can and cannot handle. It seems to me, and this is a myth perpetuated in the UK as well, that if you're not Big Four then in some way you're not qualified. Without adequate qualification, that's nonsense and a convenient perpetuation of the status quo.Of course there will be circumstances where a non-Big Four will not have the bandwidth or technical capability. But then we've seen enough failure among the Big Four to seriously question just how 'superior' they really are. Thanks for the clarification – it would have helped to have said that re: Deloitte. The piece is really unclear on what tier 2 can and cannot handle. It seems to me, and this is a myth perpetuated in the UK as well, that if you’re not Big Four then in some way you’re not qualified. Without adequate qualification, that’s nonsense and a convenient perpetuation of the status quo.

Of course there will be circumstances where a non-Big Four will not have the bandwidth or technical capability. But then we’ve seen enough failure among the Big Four to seriously question just how ’superior’ they really are.

]]> By: Sarah Johnsonhttp://www.accmanpro.com/2008/01/12/how-to-save-43-on-audit-fees-dump-deloitte/comment-page-1/#comment-171642 Sarah Johnson Tue, 15 Jan 2008 16:55:59 +0000 http://www.accmanpro.com/2008/01/12/how-to-save-43-on-audit-fees-dump-deloitte/#comment-171642 Thanks for referencing one of CFO.com's stories. Just to clarify, Deloitte did not "spin" anything for us. In fact, Deloitte wouldn't talk to us for this piece. The numbers show that the Fortune 1000 stick with the Big Four (hence the "in general"). Stonefield itself and other small auditors I've spoken with admit they don't always have the technical expertise that a Big Four has -- but often that's OK for smaller clients. Thanks for referencing one of CFO.com’s stories. Just to clarify, Deloitte did not “spin” anything for us. In fact, Deloitte wouldn’t talk to us for this piece. The numbers show that the Fortune 1000 stick with the Big Four (hence the “in general”). Stonefield itself and other small auditors I’ve spoken with admit they don’t always have the technical expertise that a Big Four has — but often that’s OK for smaller clients.

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