The SEC staff has also recently warned auditors against potential conflicts of interests when marketing software to help clients track and evaluate their internal controls. In a separate story by The Post, the paper noted that Scott A. Taub, the SEC's deputy chief accountant, said that such moves could raise questions about auditor independence if accounting firms are helping to set up the systems they later evaluate. "Companies and their auditors need to be mindful" of those problems, Taub said.
Among its advisory services, Ernst & Young helps corporate clients determine if their internal controls meet requirements mandated by the Sarbanes-Oxley Act.
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