Can Consultants Serve Two Masters?
For PricewaterhouseCoopers it was a sharp about-face. Before announcing on July 30 that it would sell its consulting arm to IBM for $3.5 billion, the firm was well down the road to an initial public offering. Over the past few years, in a bid to build their businesses and separate themselves from conflicted audit partners, many of PwC Consulting's rivals have gone public -- including Accenture, formerly Andersen Consulting, and KPMG Consulting.
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