CFO Discontent with Big Four Grows

CFO.com (Link to Full Article) Despite mounting discontent with the Big Four accounting firms, audit fees have edged up, according to a survey of 259 global CFOs, controllers and chief accounting officers of mostly public firms polled by BTI Consulting Group at the end of last year through March of 2013.  

Only a tad more than half (51.9 percent) of the respondents, who represent firms with average revenues of $2.3 billion, would recommend their current auditors to peers. That's down from 60.2 percent during the previous survey in 2011. The audit firms associated with the other 48.1 percent of the respondents should thus feel “vulnerable,” according to the report.