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Sarbanes-Oxley News & Developments
Grant Thornton Signing Big Four ClientsIt picked up more than 1,000 new engagements from clients of the Big Four audit firms.
> > The New York Times recently pointed out that the Big Four accounting firms are shedding clients at almost three times the rate they did in 2002, the year that the Sarbanes-Oxley Act took effect. Citing data from research firm Audit Analytics, the Times added that most of the companies being dropped are either small companies or those judged too risky to work with under the new accounting rules.
Source: CFO
Published:2005-02-15
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