Complete Transcripts - all SEC Testimony
The SEC has suggested guidelines to limit the scope of services that accounting firms conducting audits of publicly held companies can perform. Activition of these rules would require most large and mid-size accounting firms to give up much of their consultancy practices.
Detractors to these proposed guidelines have suggested that restricting the types of services that accounting firms can perform would cause quality job candidates to look elsewhere for more stimulating work and thus would ultimately dilute the quality of audit services performed.
Several members of the profession spoke out  informally in an open forum conducted at AccountingWEB earlier this week.
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