Professional services network SMS
Latinoamerica has formed a new firm, SMS Consulting, in order to
separate its consulting arm from the rest of its audit and
accounting business.

SMS Latinoamerica executive director Alfredo
Spilzinger said separating consulting services is important to help
SMS Latinoamerica meet all independence requirements. There are
strict rules governing firms that provide audit and certain
non-audit services that may be deemed in conflict of interest. In
many countries, firms separate their audit business from consulting
to avoid breaching the rules.

Meanwhile, SMS Consulting has formed a
partnership with Pall Mall Associates, a UK consultancy that
focuses on the Asian market. Spilzinger said Chinese companies are
increasingly seeking joint venture opportunities in Latin America
and this partnership will help SMS Consulting serve these
clients.

SMS Latinoamerica is a professional services
network that solely focuses on the Latin American region.