Compliance audits and financial audits are different animals calling for various skill sets. Level Legal’s Leigh Vickery explains why your organization might not want to choose a Big Four firm.
By Leigh Vickery, published on Corporate Compliance Insights | June 5, 2020
As more states make plans to update their privacy regulations, compliance officers and internal stakeholders are rightfully concerned about the potential legal, financial, and reputational risks of mismanaging data containing personal information. Many recognize this may not be a problem they can solve independently and are wisely seeking outside expertise.
Meanwhile, the Big Four accounting firms are offering enterprise legal services to corporate law departments and, in effect, have become direct competitors to ALSPs and law firms. In their view, the surging demand for compliance audits looks to be another promising new opportunity in the legal services domain both in the U.S. and abroad.
Level Legal Chief Strategy and Innovation Officer Leigh Vickery explains why your organization might not want to choose a Big Four firm.