August 09, 2012
Carolyn Mazzenga, Tax & Business Services Partner & Partner-in-Charge of the Long Island Office, Featured in LIBN.com Article "Accounting firms Come Back to Consulting"
By Claude Solnik
As the flood of work stemming from the decade-old Sarbanes-Oxley Act slows to a trickle and a weak economy makes growth tougher, national accounting firms are aggressively growing their consulting business, a reversal of moves to restrict this practice area.
The push to sell services ranging from management to litigation, technology to compensation consulting, insurance to staffing services, comes a decade after many cut back their presence, due to concerns over conflicts of interests.
Melville-based Marcum in February merged New Haven, Conn.-based accounting and management consulting firm Konowitz, Kahn & Co. into its operations.
Marcum also advises on compensation, insurance technology and risk assessment – and even does staffing.
"With the next-tier firms, there's a lot more opportunity," said Carolyn Mazzenga, partner in charge of Marcum's Long Island office, adding that Fortune 500 companies might use midsized firms for consulting, if not for audits.
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