comparemela.com

Latest Breaking News On - Recurring issues - Page 1 : comparemela.com

The Critical Importance Of The General Standard Of Auditor Independence And An Ethical Culture For The Accounting Profession[1], Paul Munter, SEC Acting Chief Accountant, June 8, 2022

<h2>Introduction</h2> <p>High-quality audits are critical to the process of providing decision-useful financial information for the benefit of investors, and auditors&nbsp;serve an important gatekeeping and investor protection function by helping to ensure that issues are promptly identified and addressed.&nbsp;The Commission has long-recognized that audits by professional, objective, and skilled accountants that are independent of their audit clients contribute to both investor protection and investor confidence in the financial statements.&nbsp;As such, the Commission&rsquo;s auditor independence rule is integral to its mandate to protect investors and is fundamental for promoting investor confidence in the quality of financial disclosures. Rule 2-01 of Regulation S-X sets forth the Commission&rsquo;s auditor independence requirements and emphasizes the importance of an accountant&rsquo;s independence from its audit client in both fa

OCR: Current Fines Too Low to Spur Compliance; Agency Also Seeks Funding Boost, Injunctive Relief | Health Care Compliance Association (HCCA)

vimarsana © 2020. All Rights Reserved.