‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC Emphasizes Auditor Independence After String of Shortfalls
The SEC’s chief accountant for the Division of Enforcement delivered a stern reminder to auditors that the regulator will investigate any behavior that could be seen as a conflict of interest. “And if you’re over the line, violating those independence standards, we’ll bring actions. It’s just something that is too important. The auditor must be […]
RSM US LLP Charged With Violating Auditor Independence Rules
According to the SEC’s order, RSM US repeatedly represented that it was “independent” in audit reports issued on the clients’ financial statements, which were included or incorporated by reference in public filings with the Commission or provided to investors. Instead, the SEC found that RSM US or its associated entities, including other member firms of […]
Mary Jo White fears demise of SEC’s independence | BenefitsPRO
Just three days before she’s set to leave the SEC, Chair Mary Jo White suggested that the independence of the agency is threatened. In a wide-ranging speech before the Economic Club of New York Tuesday, White said the SEC “is more susceptible than ever to the erosion of its expertise and authority by the partisan […]