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FWIW I don't think companies are allowed to purchase consulting services from their auditor, specifically because of this conflict of interest. In my experience
by chaseha 8y ago
FWIW I don't think companies are allowed to purchase consulting services from their auditor, specifically because of this conflict of interest. In my experience, companies will have one of the big four as their primary auditor, than use some combination of the other three for consulting (in addition to MBB or any other firms).
In no way defending the value of these services though - their primary function is to shift culpability off of the executives IMO
- srhngpr 8y agoCurrently at a Big 4 on the consulting side, this has been my experience as well. We cannot touch our audit clients as the rules are very strict.
- 121789 8y agoAlso my experience - there are pretty significant safeguards against this stuff. It can be really annoying on the consulting side.