Section 1 Introduction

• Library: Prof Liability 2005

The practice of accountancy has experienced significant changes in the last 20 years. In the early 1980s, most accounting firms were broken down into three divisions: audit; tax; and consulting. The mainstay of the accounting firms was auditing and tax. But as the years progressed, accounting firms recognized the enhanced opportunities in consulting. During the early 1980s, the consulting business largely consisted of the design and installation of computer systems. While the auditing and tax practices...