Curtailing Auditors’ Tax Services For Appearances Brings Higher Rates
The pursuit of perceived auditor independence turns out to be an expensive proposition, a new study reveals.
SEC Planning to Loosen Auditor Independence Rules
On Monday, the SEC proposed changing the rules to keep auditor committees and auditors from spending time on "non-substantive" rule breaches.
PwC Fined $7M for Audit Independence Violations
The SEC says the firm improperly worked on non-audit services including financial software projects for audit clients.
RSM Charged by SEC with Violating Auditor Independence Rules
The accounting firm agreed to a $950,000 penalty and to engage an independent consultant to evaluate its current quality controls.
‘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.