Unregistered accountants and firms settle with SEC
Settlements reached with with 28 firms and 22 partners in the US, and two audit firms even agree to return fees
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