IT Consultants Make Friendly Auditors
from the that's-weird dept
If you hire a big 5 accounting firm to do your audits, you might want to think about using them for your IT consulting needs as well. A new study shows that firms that use IT consultants and auditors from the same firm find out their financial results look better than those that don’t. There are plenty of possible reasons – such as the firm turning a “blind eye” on accounting irregularities to help prop up the company so they’ll continue paying IT consulting fees. Or, it could just be that the accounting/consulting firm learns more about the company by having more to do with them. Of course, the accounting firms would like you to believe it just means that companies that hire them for both are simply better companies.