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Consulting growth

Looks like PWC's taking the lead in building its consulting arm so it can get generate more revenue given the lack of growth in the audit practice. Might be headed to the pre-Enron days.

here's an excerpt:

PricewaterhouseCoopers (PwC), the UK’s largest professional services firm, plans to treble its fees from management consulting to more than £1.3 billion within the next four years and hire 2,000 staff, including more than 100 partners.

Three of the Big Four accounting firms — Ernst & Young, KPMG and PwC — sold their consultancy arms at the start of the decade after their growth led to clashes over business strategy. The Enron scandal also aroused concerns over conflicts of interest. Only Deloitte kept its consulting practice.


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Anonymous said…
And now check the PwC and Huron Consulting Inc. story! http://retheauditors.com/2009/08/pwc-and-huron-consulting-goodwill-too-good-to-be-true/

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