And it's fine to charge each client a consulting fee for, well, consulting.
Previously, Stacy was a project leader at the Boston Consulting Group, where she provided analysis and consulting for clients across multiple industries from healthcare to financial services.
Y. &R. is buying the Partners, a London agency specializing in creative design and brand identity consulting for clients like Harrods, Unilever and Warner Brothers.
Representatives from the accounting industry and Wall Street said they supported many provisions in a proposal by House Republicans that would create a public accounting regulatory body with members drawn mostly from outside the industry and which would prohibit external auditors from doing certain consulting for clients.
"With high unemployment and low income growth, companies are trying to squeeze money from wherever they can," said Steven Keith Platt, director of Platt Retail Institute in Hinsdale, Ill., who performs research and consulting for clients in the retail trade.
A significant number of Booz's clients would immediately be in doubt because PwC audits them strategy consulting for audit clients is banned in many countries, and even where it is legal it is frowned upon (not least in America).
The students are expected to keep up with their other classes while consulting for the client companies.
The Securities and Exchange Commission chairman, Arthur Levitt, offered a private briefing to a Senate subcommittee today on what he called credible evidence that consulting for audit clients can taint accountants' financial reports on those clients.
Accounting firms insist that there is no conflict of interest in consulting for audit clients.
John O'Kelly, a lawyer in East Williston, in Nassau County, who specializes in consulting for New York City clients in utility overcharge matters, said that he first started consulting part time.
