I’ve seen a lot of recruiters recently trying to hire for advisory consulting firms that claim they do the work that Big 4 can’t because of independence issues. Does anyone think these types of firms are sustainable or will big 4 find a way around the independence restrictions and take this work back?

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I don’t understand how these even exist currently. 4 competing firms means that 1 firm does the audit, 1 firm does design consulting, 1 firm does implementation consulting, 1 firm is left to give competitive bids for any of the 3 other services.

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I think it’s a stretch to say they do the work that the big 4 can’t do for independence issues. I can understand why 1 firm won’t be able to do to independence but why wouldn’t the other 3 be able to? Seems like a marketing ploy to be honest. If you want to go to reputable consulting shops vault gives you a good idea.

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There are many niche firms that do similar work to advisory big 4 work. Many reputable and sustainable. If anything government bodies are increasing independence restrictions worldwide. UK as an example. I began my career at Alvarez and Marsal and can say the lack of independence barriers were a huge plus

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