# Consulting-audit mix

- Canonical URL: https://www.gerhardmerk.de/consulting-audit-mix
- Post ID: 594266
- Modified: 2023-07-25T20:59:19+00:00
- Language: en

## Definition

A (large) auditing firm advises a company and also confirms the annual financial statements. Because - many people, especially the managers of major investment management companies, viewed this mix with growing suspicion and were less likely to buy securities from companies that had one department advise them and the other certify their financial statements, and - public criticism of this practice became increasingly loud because of certain incidents, a trend toward separation of consulting and auditing began around 2000. - See Audit Directive, Anderson scandal, SarbanesOxley Act, auditors. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1