July 23, 2008
I understand where this modification is coming from in terms of independence. HOWEVER, this will put a huge burden on smaller companies and larger tax firms. It seems unfair to limit business based on former services performed. Why should a company be penalized for having large amounts of clientele? With a multi-million/multi-billion dollar corporation that has a large number of employees, chances are some employees will have used a tax advisory service that is looking to ben an external auditor. That is millions of dollars in potential revenue lost each year, putting more people out of jobs and continuing our ever-growing recession.