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"
Long Island Business News
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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