7.1 - Accounting clients shouldnt be getting investment...

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Kelly Legner 7.1 1. Yes, the SEC could have been harsher and not allowed the merger and fined more. PWC could have been put out of business or sentence for not following the rules. As long as they do not repeat they got a good fine. 2. Investment services and accounting should not be in the same section of the firm. They should be different and have nothing to do with each other or hold the same clients.
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Unformatted text preview: Accounting clients shouldnt be getting investment info and the same for investment clients with accounting services. There needs to be a separation of these services. 3. No all fees should be known up front. Audit clients should not be getting investment info and audit fees should have been known in the first place....
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