The heads of the two largest consulting firms in the UK have derided the recent attempts by the Big 4 accounting firms to get back into consulting, reports AccountancyAge.
Both the chiefs of Accenture and Capgemeni, David Thomlinson and Tom Blacksell respectively, have stated that the Big 4 lack the experience to provide valid service to clients.
Most of the Big 4 firms got rid of their consulting services after the Enron fiasco in 2001.
Tom Blacksell, said: "The ability to execute and advise: I see that as being a pre-requisite to being successful in the market.
"Those that can't provide the organisational wherewithal to be credible in execution as well as the advice, may well pick up some work, but they'll have limited aspirations."
However, the chief executive of advisory at KPMG Europe, Alan Buckle, contended that the criticism by the consulting giants was a sign of the Big 4's success.
In 2000 Ernst & Young sold its consultancy arm to Capgemini and PricewaterhouseCoopers sold its consultancy arm to IBM in 2002.
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