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Sarbanes-Oxley News & Developments
Big Four Auditors Legal Services Hit By SarboxFortified auditor independence standards under Sarbox have dealt a blow to the Big Four.
> > Fortified auditor independence standards under the Sarbanes-Oxley Act of 2002 have dealt a blow to the Big Four accounting firms legal services initiatives and whatever remains of their multidisciplinary practice ambitions. The global law networks that once rivaled the largest law firms in the world are in the midst of a vast restructuring. Meanwhile, in the United States and overseas, the migration of prominent tax lawyers into the giant accounting firms appears to have reversed course.
Source: New York Law Journal article by Geanne Rosenberg
Published:2004-01-05
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