"Anthony Healy" <thealy@magna.com.au>
>This CNet article suggests that IT consulting work by the big accounting
>firms may bias the financial reports (audits) they provide for clients.
>The article reports a study by researchers from Stanford, MIT and Michigan
>State.
>http://news.cnet.com/news/0-1007-200-6996743.html
When I did Accountancy around 1970, we studied the
conflict-of-interest aspects of accounting firms doing consultancy.
We concluded that it was dreadful, and that precisely nothing would
be done about it because the self-interest was too high, and it's
largely self-regulatory (i.e. such regulation as exists is image not
substance). We wuz right ...
-- Roger Clarke http://www.anu.edu.au/people/Roger.Clarke/Xamax Consultancy Pty Ltd, 78 Sidaway St, Chapman ACT 2611 AUSTRALIA Tel: +61 2 6288 1472, and 6288 6916 mailto:Roger.Clarke@xamax.com.au http://www.xamax.com.au/
Visiting Fellow Department of Computer Science The Australian National University Canberra ACT 0200 AUSTRALIA Information Sciences Building Room 211 Tel: +61 2 6125 3666
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