The US regulator has charged 37 audit firms and 32 partners, who are alleged
to have reviewed the financial accounts of public companies without their
compulsory registration with the Public Company Accounting Oversight Board.
According to the Securities and Exchange Commission, the unregistered firms
and partners conducted about 60 audits for fiscal periods between November 2003
and October 2005, WebCPA.com reported.
The SEC has reached settlements with 28 firms and 22 partners, who neither
admitted nor denied the charges while two other firms agreed to return the audit
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges