Jackson Day worked in E&Y’s New York office from 1986 where he worked on issues relating to financial instruments and revenue recognition, according to Electronic Accountant.
Day’s decision to move to the SEC comes at a time when the US regulator is examining the issue of auditor independence. Although E&Y has so far offered less resistance to the SEC proposals than its Big Five rivals, earlier this month chairman Phil Laskawy did speak out against the moves.
The remarks came as a surprise to the profession as he had previously supported the SEC’s initiatives on auditor independence rule changes.
The issue of auditor independence will be discussed at two SEC hearings later in September.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel