SEC, PCAOB Deliver Fresh Warnings on Auditor Independence

Dec. 9—Public companies have been handed a not-so-subtle reminder to pay closer attention to auditor independence. At the annual AICPA conference this week, the SEC announced it had sanctioned eight audit firms with fines totaling $140,000 for violating auditor independence rules because they prepared financial statements of brokerage firms whose ...

lock iconTHIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.