EY Nailed With Record $100 Million Fine From the SEC For Ethics Exam Cheating
EY will have to pay a $100 million fine after it was revealed today that hundreds of the Big Four firm’s auditors had cheated on mandatory ethics exams ...
Securities and Exchange Commission
CPAs and Auditors Alerted to New SEC Rules on Financial Statements and A&A Engagements
The alert outlines rules applicable to financial statement audit and attestation engagements undertaken for non-issuers.
New System Helps Companies Track Conflict Minerals for SEC Reporting
The Securities and Exchange Commission’s (SEC) new conflict minerals rule requires thousands of companies to perform due diligence to determine whether their products contain tin, tantalum, tungsten, or gold, determine the country of origin for those minerals and report their findings to customers and the SEC.
Fired KPMG auditor can’t explain ‘lapse of judgment’
Scott London, a Los Angeles partner in one of the nation's largest accounting firms, says it began four years ago.