The SEC charged PricewaterhouseCoopers LLP and one of its partners Monday with violating auditor independence rules for running a project to upgrade the client’s enterprise software while doing its audit work.… Continue Reading
The Securities and Exchange Commission fined Deloitte Touche Tohmatsu LLC $2 million for violating auditor independence rules and suspended its former CEO and director of independence for causing the violations.
The SEC said Wednesday that Deloitte Japan issued audit reports for a banking client while about 90 Deloitte Japan employees maintained accounts with the bank.… Continue Reading
The Securities and Exchange Commission Thursday charged Grant Thornton India LLP and Australia-based Grant Thornton Audit Pty Limited with auditor independence violations.
Two Grant Thornton Mauritius partners served on the boards of Mauritius-based subsidiaries of companies that were Grant Thornton audit clients.… Continue Reading
The Securities and Exchange Commission Wednesday charged Deloitte & Touche LLP with violating auditor independence rules when its consulting affiliate kept a business relationship with a trustee serving on the boards and audit committees of three funds Deloitte audited.
Deloitte agreed to pay more than $1 million to settle the charges.… Continue Reading
The Securities and Exchange Commission Monday sanctioned eight firms and the Public Company Accounting Oversight Board sanctioned seven others for violating auditor independence rules when they prepared the financial statements of brokerage firms that were their audit clients.… Continue Reading
Accounting giant Ernst & Young will pay $4 million to settle civil charges that it violated auditor independence rules after one of its units lobbied congressional staffers on behalf of audit clients, the Securities and Exchange Commission said Monday.… Continue Reading
A former chief risk officer for Deloitte & Touche settled SEC civil charges alleging he accepted tens of thousands of dollars in “casino markers” while serving as an adviser on the audit of a casino gaming corporation.… Continue Reading
The Securities and Exchange Commission on Friday charged accounting firm KPMG with violating auditor independence rules.
An SEC investigation found that the Big Four firm provided non-audit assistance such as bookkeeping and corporate finance services to the affiliates of companies it was auditing.… Continue Reading