Big Four Takeovers Raise Concerns: McKenna Featured In The Bottom Line
The August issue of The Bottom Line in Canada includes quite a few quotes and a nice color photo of me in a story about the wave of new consulting firm acquisitions by Big Four audit firms all over the world. Published by Lexis Nexis, The Bottom Line is “an independent and specialized business periodical that keeps accredited professional accountants, financial managers, and consultants abreast of news, trends, and technology within the industry.”
I also comment on KPMG’s acquisition of Rothstein Kass. That’s not strictly speaking a consulting play, but a larger gambit to acquire the clients and the staff of a firm that has a good reputation, in particular, in the hedge fund industry.
The article’s author, Jeff Buckstein, gets Deloitte, KPMG, the Canadian Public Accounting Board and the PCAOB to comment. He also solicits quite a few quotes from Mark O’Connor of Monadnock Research.
A PDF of the article is here.
Links to more writing by Mark O’Connor featured on this blog can be found here.
Some other recent writing I’ve done on the subject of the Big Four auditors’ reinvigorated strategy to be one-stop shops for their clients include:
PwC, And HP, Sued By Mobile Monitor Technologies LLC For Theft of Trade Secrets
PwC To Acquire Booz But Broader Not Better For Integrity Of Global Capital Markets
Crain’s Chicago Business Focuses On Big Four Auditors And Consulting
McKenna Panelist At NYU On Auditor Independence And Consulting