Over in the United Kingdom, Rob Lewis, a feature writer for AccountingWEB.co.uk, speculates that lawsuits will bring an end to the Big 4 as we know it here in the United States.
He’s not the first one to bring up this argument, but he takes it a step further when he goes on to suggest liability issues could capsize all of auditing.
Whether you agree or disagree with his viewpoint, it’s interesting to read the U.K. take on the U.S. system.
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