In recent years, consulting has been the fastest-growing revenue source for the largest audit firms. Discuss whether you believe the growth in consulting improves or negatively impacts audit quality.
Review the information in Table 2-1 on page 25 and discuss the following: a. For the largest 10 firms listed in the table, how many firms generate the largest percentage of their revenue from consulting? Discuss why some firms may have larger consulting practices than other firms. b. In recent years, consulting has been the […]