According to Accounting Today, the Securities and Exchange Commission (SEC) charged Ernst & Young (EY), one of its current partners, and two of the firm’s former partners Monday with violating auditor independence rules and improper professional conduct.
- What was the public company audited by EY according to this charge?
- What were the auditor independence rules and professional conduct requirements violated according to the SEC?
- What was the settlement in this case?
- What was the audited company’s chief accounting officer’s role in the misconduct charge?
Cohn, M. (2021) SEC charges EY and partners with audit independence misconduct. Accounting Today, August 9 (Retrievable online at https://www.accountingtoday.com/news/sec-charges-ey-and-partners-with-audit-independence-misconduct?)