PriceWaterhouseCoopers LLP Auditors' Independence Issues & Violations
Essay specific features
July 3, 2016
No of pages / words:
6 / 1657
Rating of current essay:
Levitt's solution was to split auditing and consulting. The former Chairman was concerned that the public would lose confidence in the financial markets ?? and the whole system would be jeopardized.
Public Accounting Revenues vs. Consulting Revenues by 1999
By 1976, audit fees accounted for approximately 70% of total revenue earned by any accounting firm in general...
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Consulting Revenues by 1999
By 1976, audit fees accounted for approximately 70% of total revenue earned by any accounting firm in general. According to the Public Accounting Report, an Atlanta newsletter, the auditing and assurance services revenues dropped to 30% and tax services business accounted for 19% of the total revenues earned in 1999...
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