This is bringing the strategy shops into competition with the biggest players: the Big Four audit firms.
No Big Four audit firms came but next-tier firms like Grant Thornton, McGladrey and Crowe Horwath sent professionals.
FORBES: Auditors All Fall Down; PFGBest and MF Global Frauds Reveal Weak Watchdogs
The same retired Big Four audit partners and former CEOs seem to serve on multiple public company audit committees.
FORBES: Warren Buffett, And His Board, May Be Too Old To Run Berkshire Hathaway
Deloitte is the top Big Four audit firm donor to the Society.
FORBES: File Under Regulatory Capture: Deloitte's "Fireside Chats"
Names of key engagement leaders, especially from the Big Four audit firms.
FORBES: GAO Blames Regulators For Faulty Foreclosure Reviews But That's Not The Whole Story
Some assignments have been made amongst the Big Four audit firms to work on the liquidation outside of the US. Deloitte gets Australia.
FORBES: MF Global : 99 Problems And Auditor PwC Warned About None
The Big Four dominate the audit of big, listed multinational companies because second-tier firms lack the capacity and the international networks needed for the job.
The European Commission wants to break up the Big Four, splitting their audit and their consulting businesses.
To be clear, as a British phenomenon it is pretty pronounced phenomenon: in 2009, the Big Four received 100% of all audit fees paid by FTSE100 companies (the UK's largest listed businesses) and 98% of the next tier, the FTSE250 businesses.
State's big four accounting firm has tried to increase audit fees twice since January, citing extra work to comply with Sarbanes-Oxley.
It also said it had commissioned an independent audit by one of the "big four accounting firms".
Many companies even now have only three to choose from, because they buy non-audit services from one of the big four.
ECONOMIST: The auditing profession is dangerously concentrated
Some are more dramatic: having auditors appointed by regulators, or stripping out audit firms from the multidisciplinary monsters the Big Four have become.
Even with the new cash, SEC officials say it has become difficult to attract accountants in a tight job market, despite the layoffs resulting from the demise of the big five firm (now big four) Arthur Andersen after its federal conviction for destroying Enron audit documents.
The experience of Deloitte, the first Big Four firm to suffer the ignominy of having the PCAOB air its dirty audit laundry in public may be instructive.
Companies in the volatile construction business and those on the leading edge of technology might also face higher audit fees or no audits at all, says another big-four partner.
应用推荐