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/ Thu, 09 Feb 2012 10:01:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Dennis Howlett http://www.accmanpro.com/2008/01/12/how-to-save-43-on-audit-fees-dump-deloitte/comment-page-1/#comment-4407 Dennis Howlett Tue, 15 Jan 2008 18:23:15 +0000 http://www.accmanpro.com/2008/01/12/how-to-save-43-on-audit-fees-dump-deloitte/#comment-4407 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 Johnson http://www.accmanpro.com/2008/01/12/how-to-save-43-on-audit-fees-dump-deloitte/comment-page-1/#comment-4406 Sarah Johnson Tue, 15 Jan 2008 17:55:59 +0000 http://www.accmanpro.com/2008/01/12/how-to-save-43-on-audit-fees-dump-deloitte/#comment-4406 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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