PracticeAccounting FirmsSEC considers post-Big Four world

SEC considers post-Big Four world

US regulator reported to be looking at issues raised

The Securities & Exchange Commission is privately considering what to do
should one of the Big Four firms collapse, the Wall Street Journal has
reported.

Link:
KPMG plays down
charges over illegal tax schemes

The SEC, the powerful US financial watchdog, has been considering in
particular whether or not to relax rules on audit quality that it instituted two
years ago.

The need to consider a post-Big Four climate has been made more urgent by
KPMG’s recent difficulties.

Some have suggested the firm may face criminal charges for its role in
advising on illegal tax shelters in the late 1990s, posing a severe threat to
its reputation and future.

Related Articles

Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin
EY, Deloitte lead Big Four in gender pay gap reporting

Accounting Firms EY, Deloitte lead Big Four in gender pay gap reporting

2m Emma Smith, Managing Editor