Page 34 - Auditors Article

accepted their role as ultimate arbitrator of financial viability.

So perhaps auditors should be prohibited from engaging in
any form of consultancy and advisory services and/or limited

in the duration they can represent any individual firm.

How likely is it therefore, for the ‘Big Four’ to resist or perhaps

even seek structural changes in their industry? Only time will
tell but given the falling proportion of their revenue stemming

from auditing and mounting external and internal pressure for

change perhaps the Dutch model, where accounting firms are
not allowed to do any consulting work for audit clients is a

pointer to possible future change.