Published on September 22, 2016 | by LawNews
Prof. Ronald Colombo Comments in Law360 Story on SEC Fining Ernst & Young for Auditor Independence Violations
SEC Warns Auditors to Keep Things Strictly Professional
By Carmen Germaine
Sept. 19, 2016
Meanwhile, experts said Monday’s case fits neatly with the agency’s renewed focus on gatekeepers, and particularly with the increasing number of cases targeting accounting fraud in its various guises.
“The accounting firm is the quintessential gatekeeper in the securities industry,” Colombo said. “If you can’t trust those audits, then everything sort of breaks down.”
Read the full article on law360.com (registration required).