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No Poaching from KPMG, Say Audit Firms

Deloitte & Touche, Ernst & Young, and PricewaterhouseCoopers will observe a hands-off policy regarding clients of KPMG while it resolves federal litigation problems.

> > Sarbanes-Oxley rules governing auditor conflicts of interest, which forbid companies from using the same accounting firm for auditing and consulting services, are also a concern to Deloitte, E&Y, and PwC. Since many companies use at least one of the Big Four for non-audit work, Bloomberg notes, the conflict-of-interest rules limit the firms ability to pick up KPMG clients.
Source: CFO


Published:2005-08-25
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