Although some of the remaining rules still rankle such as restrictions on the sort of work that the accountants' affiliatefirms can undertake for audit clients the outcome was a huge victory for the Big Five.
Here the consultant obviously has the opportunity to advise its clients to do business with its affiliate or other brokerage firms with which the consultant has a business relationship or reciprocal agreement.
If Deloitte still refuses to respond, America's accounting regulator, the Public Company Accounting Oversight Board (PCAOB), could even decertify Deloitte's Chinese affiliate from signing financial statements for firms listed in America.