‘Opinion-Shopping’ Compromises Auditor Independence
While it may serve the interests of struggling companies, shopping for a favorable audit opinion lessens auditor independence and audit quality.
Auditing: Time for an Adjustment?
Keeping the auditor-client relationship free of conflicts of interest is still a struggle.
Do Big Four Auditors Unfairly Raise Fees?
The longer the tenure of a company's Big Four auditor, the greater the fee — even though the effort required of the auditor lessens over time.
Auditor Independence Rule Isn’t Tough Enough
Requiring top corporate executives to be only a year or two removed from a prior job with the company's auditor is insufficient, study suggests.
Auditors Can Be Friendly as Well as Skeptical, Study Finds
Auditors who trust their clients can feel freer to be more skeptical of their financial reporting.
EY Fined $9M Over Auditor Intimacy With Clients
The SEC says EY didn't do enough to prevent two former auditors from getting "too close" to finance executives at companies they were inspecting.
PCAOB Mulling New Form for Naming Audit Partner
"Form AP" would name the engagement partner but would not be included in the client company's SEC filings.
An Auditor Independence State of Mind
A Billy Joel favorite sparks thoughts of auditor independence.
Firm Accused of Auditor Independence Violations
A partner at L.L. Bradford failed to monitor partner assignments, leading to auditor rotation violations in six public company audits, says the PCAOB.
Regulators Crack Down on Auditor Independence Violators
“To ensure the integrity of our financial reporting system, firms cannot play the roles of auditor and preparer at the same time,” said an SEC official.
Auditor Independence Is the CFO’s Responsibility, Too
Auditor independence violations can spawn significant costs, distract management and limit a company’s access to the capital markets