One of the topics that we occasionally discuss around here is the Big 4 expanding into professional service areas that you wouldn't expect for an accounting firm.
Sometimes I get the impression that the Big 4 don’t fully appreciate what the PCAOB’s supposed to do as a regulator.
This is amazing. The head of EY Law Global Leader Cornelius Grossman is saying -- with a straight face, presumably -- that firms like his won't pose a threat to law firms.
Can we agree and move on?
Mainly because they can't, legally.
What exactly do you think "settlement" means?
Oooh, that $500,000 is *really* going to hurt. Not.
According to the firms, that is.
Cue someone blaming Obama for this.