non-audit work

EY, PwC Not Fans of Giving Up Non-Audit Services for FTSE 350 Audit Clients in the U.K.

After reports out of the United Kingdom earlier this month said KPMG will stop providing non-audit services for FTSE 350 companies it audits to “remove even the perception of a possible conflict [of interest],” we wondered if the other Big 4 firms in the U.K. would follow suit. Well, we have our answer. The Big […]

kpmg china medical

KPMG U.K. Is Giving Up Non-Audit Work on FTSE 350 Clients. Will the Other Big 4 Firms Follow?

So, Sky News broke some pretty big news in the United Kingdom earlier this morning regarding the House of Klynveld: KPMG is to cease undertaking non-audit work for the FTSE-350 companies whose accounts it supervises, becoming the first of the ‘big four’ firms to make such a pledge in the aftermath of scandals surrounding the […]

Duh of the Day: Consulting Work by Audit Firms Could Possibly Impair Audit Integrity

The rise of non-audit services offered by accounting firms could threaten the quality and integrity of independent audits, said Steven Harris, a key member of the government’s watchdog agency. Although the Securities and Exchange Commission has limits on the kinds of consulting and advisory work audit firms can perform for their clients, that line may […]