Comments on: So a Big Four is set to fail? http://www.accmanpro.com/2009/12/12/so-a-big-four-is-set-to-fail/ Thu, 09 Feb 2012 10:01:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Connecting the campaigning micro dots http://www.accmanpro.com/2009/12/12/so-a-big-four-is-set-to-fail/comment-page-1/#comment-7441 Connecting the campaigning micro dots Thu, 25 Mar 2010 12:16:06 +0000 http://www.accmanpro.com/?p=6067#comment-7441 [...] And Game Review Sites (inquisitr.com)Speaking like a human isn’t quite enough (hyperorg.com)So a Big Four is set to fail? (accmanpro.com)GD Star Ratingloading...GD Star Ratingloading...blog comments powered by Disqus var [...] [...] And Game Review Sites (inquisitr.com)Speaking like a human isn’t quite enough (hyperorg.com)So a Big Four is set to fail? (accmanpro.com)GD Star Ratingloading…GD Star Ratingloading…blog comments powered by Disqus var [...]

]]> By: re: The Auditors » Blog Archive » Continuing The Conversation: If Auditors Weren’t There, Why Not? http://www.accmanpro.com/2009/12/12/so-a-big-four-is-set-to-fail/comment-page-1/#comment-7440 re: The Auditors » Blog Archive » Continuing The Conversation: If Auditors Weren’t There, Why Not? Mon, 14 Dec 2009 22:28:55 +0000 http://www.accmanpro.com/?p=6067#comment-7440 [...] [...] [...] [...]

]]> By: Brian Clarke http://www.accmanpro.com/2009/12/12/so-a-big-four-is-set-to-fail/comment-page-1/#comment-7442 Brian Clarke Sun, 13 Dec 2009 17:22:52 +0000 http://www.accmanpro.com/?p=6067#comment-7442 As a UK Chartered Accountant and occasional auditor, with no first hand experience of the Big 4, I keep thinking it must be so simple: if the auditors of "big" or "listed" companies were forbidden to do ANY other work for those clients, surely:<br><br> 1) The temptation to skimp on the auditing wuld be removed,<br> 2) The total of audit and non-audit fees available to be earned by the profession would not be reduced, because the work would still need to be done (whisper it softly, the overall fees might even increase), and<br> 3) Maybe just maybe, the Satyams and Parmalats of this world would be reduced, to the benefit of everyone.<br><br>The regulators could make this happen tomorrow, or at least next year. Why is there not the will? It's not as if the firms would lose out overall. <br><br>The status quo seems a bit Alice in Wonderland at times. As a UK Chartered Accountant and occasional auditor, with no first hand experience of the Big 4, I keep thinking it must be so simple: if the auditors of “big” or “listed” companies were forbidden to do ANY other work for those clients, surely:

1) The temptation to skimp on the auditing wuld be removed,
2) The total of audit and non-audit fees available to be earned by the profession would not be reduced, because the work would still need to be done (whisper it softly, the overall fees might even increase), and
3) Maybe just maybe, the Satyams and Parmalats of this world would be reduced, to the benefit of everyone.

The regulators could make this happen tomorrow, or at least next year. Why is there not the will? It's not as if the firms would lose out overall.

The status quo seems a bit Alice in Wonderland at times.

]]> By: Brian Clarke http://www.accmanpro.com/2009/12/12/so-a-big-four-is-set-to-fail/comment-page-1/#comment-7439 Brian Clarke Sun, 13 Dec 2009 12:22:52 +0000 http://www.accmanpro.com/?p=6067#comment-7439 As a UK Chartered Accountant and occasional auditor, with no first hand experience of the Big 4, I keep thinking it must be so simple: if the auditors of "big" or "listed" companies were forbidden to do ANY other work for those clients, surely: 1) The temptation to skimp on the auditing wuld be removed, 2) The total of audit and non-audit fees available to be earned by the profession would not be reduced, because the work would still need to be done (whisper it softly, the overall fees might even increase), and 3) Maybe just maybe, the Satyams and Parmalats of this world would be reduced, to the benefit of everyone.The regulators could make this happen tomorrow, or at least next year. Why is there not the will? It's not as if the firms would lose out overall. The status quo seems a bit Alice in Wonderland at times. As a UK Chartered Accountant and occasional auditor, with no first hand experience of the Big 4, I keep thinking it must be so simple: if the auditors of "big" or "listed" companies were forbidden to do ANY other work for those clients, surely: 1) The temptation to skimp on the auditing wuld be removed, 2) The total of audit and non-audit fees available to be earned by the profession would not be reduced, because the work would still need to be done (whisper it softly, the overall fees might even increase), and 3) Maybe just maybe, the Satyams and Parmalats of this world would be reduced, to the benefit of everyone.The regulators could make this happen tomorrow, or at least next year. Why is there not the will? It's not as if the firms would lose out overall. The status quo seems a bit Alice in Wonderland at times.

]]> By: Brian Clarke http://www.accmanpro.com/2009/12/12/so-a-big-four-is-set-to-fail/comment-page-1/#comment-9589 Brian Clarke Sun, 13 Dec 2009 12:22:00 +0000 http://www.accmanpro.com/?p=6067#comment-9589 As a UK Chartered Accountant and occasional auditor, with no first hand experience of the Big 4, I keep thinking it must be so simple: if the auditors of "big" or "listed" companies were forbidden to do ANY other work for those clients, surely: 1) The temptation to skimp on the auditing wuld be removed, 2) The total of audit and non-audit fees available to be earned by the profession would not be reduced, because the work would still need to be done (whisper it softly, the overall fees might even increase), and 3) Maybe just maybe, the Satyams and Parmalats of this world would be reduced, to the benefit of everyone. The regulators could make this happen tomorrow, or at least next year. Why is there not the will? It's not as if the firms would lose out overall. The status quo seems a bit Alice in Wonderland at times. As a UK Chartered Accountant and occasional auditor, with no first hand experience of the Big 4, I keep thinking it must be so simple: if the auditors of “big” or “listed” companies were forbidden to do ANY other work for those clients, surely:

1) The temptation to skimp on the auditing wuld be removed,
2) The total of audit and non-audit fees available to be earned by the profession would not be reduced, because the work would still need to be done (whisper it softly, the overall fees might even increase), and
3) Maybe just maybe, the Satyams and Parmalats of this world would be reduced, to the benefit of everyone.

The regulators could make this happen tomorrow, or at least next year. Why is there not the will? It’s not as if the firms would lose out overall.

The status quo seems a bit Alice in Wonderland at times.

]]>