Unregistered accountants and firms settle with SEC

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, 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 reading:

Audit Firms and Partners Charged

Related reading

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