Deloitte & Touche Consulting: Should Accountants be Allowed to Consult their Audit Clients? (B)

Deloitte & Touche Consulting: Should Accountants be Allowed to Consult their Audit Clients? (B)

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Abstract

The collapse of the energy trading giant Enron has put the focus on accounting firms, and especially on the amount of consulting being performed for large audit clients. Deloitte & Touche CEO Jim Copeland convinced the U.S. Securities and Exchange Commission in 2001 to allow accounting firms to continue to provide consulting services. With the possibility of increased regulations and governmental interference following Enron, Copeland must decide if this is still a viable option for his firm.

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