independence

SEC Investigation of Auditors Driven by Conflicts of Interest and a Lack of Independence

Accounting Profession, Workplace Behavior / /

Is the SEC the Cause of the Problem? I have blogged before about the problems the Big Four accounting firms are having with respect to conflicts of interest and independence impairments. These concerns have moved the SEC to launch a probe into how firms manage conflicts of interest caused by the provision of nonaudit services […]

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Audit Firms Should Not Be Allowed to Perform Nonaudit Services for Audit Clients

Accounting Profession, Workplace Behavior / /

The Lost Art of an Independent Audit The time has come to revisit the issue of whether all nonaudit services should be prohibited for audit clients. The accounting profession continues to struggle with independence issues when both services are provided. The threats and safeguards approach in the AICPA Code does not seem to have reduced

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