Currently in that post busy-season slump period where I'm about ready for a vacation, except the wonderful folk over at scheduling and upper management have pretty much taken over my schedule for quite a while, so i guess i have to be vacationing mentally while working.
Just wanted to share this article that harps on the movement of companies towards smaller accounting firms and away from the big 4. I'm all for it for two reasons - a) it frees up resources for the big 4 so they can focus on other clients and not crunch five clients with resources only available for 3. b) I feel for startups and other small companies with cash crunches to keep paying high audit fees to the big 4 when they can get an attestation from the smaller companies, as long as the banks don't require a big 4 auditor. In most cases, banks want established independent auditors. Last I checked, there were more than 4. And it's not like we offer anything special that the smaller firms don't (outside of non-audit services) c) Props to the small mom and pop shops that want to blaze their own trail and not get shut out. This isn't the airlines industry.
Just wanted to share this article that harps on the movement of companies towards smaller accounting firms and away from the big 4. I'm all for it for two reasons - a) it frees up resources for the big 4 so they can focus on other clients and not crunch five clients with resources only available for 3. b) I feel for startups and other small companies with cash crunches to keep paying high audit fees to the big 4 when they can get an attestation from the smaller companies, as long as the banks don't require a big 4 auditor. In most cases, banks want established independent auditors. Last I checked, there were more than 4. And it's not like we offer anything special that the smaller firms don't (outside of non-audit services) c) Props to the small mom and pop shops that want to blaze their own trail and not get shut out. This isn't the airlines industry.
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Apologies, I just haven't had a blog topic hit me, one that makes me want to spew some venom on.