Five large cpa firms that service virtually

Assignment Help Accounting Basics

Reference no: EM131126755

And Then There Were Four

The existence of just five large CPA firms that service virtually all of the major industrial and financial companies and thus dominate the accounting profession has led to criticism through the years.

1. What dangers do you see from the dominance of a few large CPA firms? What advantages?

2. During the 1980s and 1990s, mergers among the large public accounting firms reduced the Big 8 to the Big 5. The death of Arthur Andersen (because of the Enron scandal) reduced the number to four. One reason offered for the mergers was that they improved the ability of the merging firms to provide the broad array of consulting services that provided an increasing share of the revenues of the large accounting firms. What problems have intensified as public accounting firms have earned an ever-larger share of their income from consulting?

Reference no: EM131126755

Questions Cloud

Calculate the expected value for each decision branch : When drawing your tree, assume that managers must select a capacity option before they know what the demand level will actually be. Then, calculate the expected value for each decision branch. Which option would you prefer and why?

What is this force which acts between all masses : The Moon orbits the Earth, and the Earth obits the Sun. These bodies are held in orbit about each other by a force. What is this force which acts between all masses

Find the force exerted on the plate by the pin at a : Find the force exerted on the plate by the pin at A.

Optimal amount to spend on radio and direct-mail advertising : GreenLawns provides a lawn fertilizer and weed control service. The company is adding a special aeration treatment as a low-cost extra service option that it hopes will help attract new customers. Management is planning to promote this new service in..

Five large cpa firms that service virtually : The existence of just five large CPA firms that service virtually all of the major industrial and financial companies and thus dominate the accounting profession has led to criticism through the years.

What is the source of this energy : The Sun is a star, which is our major source of energy. To provide the Earth with heat and light, it has to release massive amounts of energy. What is the source of this energy

Palomar purchased another tract of land : 1. Palomar Paper Products purchased land in 1996 for $15,000 cash. The company has held the land since that time. In 2014 Palomar purchased another tract of land for $15,000 cash. Assume that prices in general increased by 60 percent from 1996 to ..

Determine the standard time for this job : A worker-machine operation was found to involve 3.9 minutes of machine time per cycle in the course of 40 cycles of stopwatch study. The worker’s time averaged 2.5 minutes per cycle, and the worker was given a rating of 120 percent (machine rating is..

Which is on the surface of a protein : Consider the oligopeptides AEFGLKMEP, which is on the surface of a protein .what secondary structure you predict for this peptides?

User Account

All Pages