- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
EY has agreed to a $9.3 million settlement of auditor independence charges with the SEC in two cases where auditors got too close to public company audit clients. Tammy Whitehouse reports.
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Has it become unrealistic for some companies to engage truly independent auditors? Exploring that possibility, the SEC may amend its independence rules.
Regulators are warning companies and auditors to be more careful about personal relationships that could compromise auditor independence. Tammy Whitehouse has more.
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
