The ENRON Scandal Message Board

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Non-Tech : The ENRON Scandal

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To: Julius Wong who wrote (1955)	1/31/2002 7:25:39 AM
From: Julius Wong	Read Replies (3) of 5185

Pricewaterhouse Plans to Split Off Consulting Unit in Public Offering By JONATHAN WEIL and RACHEL EMMA SILVERMAN Staff Reporters of THE WALL STREET JOURNAL PricewaterhouseCoopers, the largest of the Big Five accounting firms, said it will file plans this spring to split off its management-consulting unit in an initial public offering, a move designed to help restore public confidence in the independence of the firm's audits. Additionally, PricewaterhouseCoopers said it will endorse any future proposal to ban accounting firms from providing information-technology consulting services and internal-audit services to clients for which they provide independent audit opinions. Enron Corp. used Arthur Andersen LLP as both its internal and external auditor and for certain consulting services. PricewaterhouseCoopers previously had supported proposals to ban accounting firms from providing information-technology services to audit clients. ... ... online.wsj.com

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