Recently in a article published, it was said that the Big Four Auditing firms bungled 31% of US audits. Since auditors are paid by the companies they scrutinize, the argument is that they have a incentive to produce reports that please those companies – and, academic research shows, they lose business when they don’t.
Why then pay the larger fees when the smaller firms can provide same service at a cheaper price, you also will be assured of a hands-on approach by a qualified accountant as appossed to the larger firms using unqualified varsity trainees.
