Please ensure Javascript is enabled for purposes of website accessibility
January 29, 2023

Footnotes: SEC Investigating Ernst & Young for Audit Client Lobbying and Other Predictable Things | 01.07.13

SEC probes Ernst & Young over audit client lobbying The Securities and Exchange Commission is investigating whether auditing company Ernst & Young violated auditor rules by letting its lobbying unit perform work for several major audit clients, people familiar with the matter told Reuters. The SEC inquiry began shortly after Reuters reported in March 2012 that Washington Council Ernst & Young, the E&Y unit, was registered as a lobbyist for several corporate audit clients including Amgen Inc, CVS Caremark Corp and Verizon Communications Inc, according to one of the sources. [Reuters, Earlier]

Major Companies Push the Limits of a Tax Break Like-kind exchanges are all the rage, you know. [NYT]

Ernst & Young Recruits Minority Students at NYC Event [AT]

A Closer Look At The Fiscal Cliff Deal's Impact On The Built-In-Gains Recognition Period For S Corporations [Tony Nitti/Forbes]

A Russian Tax Fraud Worth $230 Million May Just Be The Tip Of The Iceberg [BI]
 
More Financial Reporting Questions at H-P? [GOA]
 
The Tax Foundation mapped out the nation according to percentage of taxpayers of AGI greater than $500k. [TF]
ParenteBeard Combines with Presscott Associates [AWEB]
 
Reading School District short millions; lawmakers want audit Just a slight overstatement of expected revenue. [RE]
 
Man Buys Solid Gold Shirt To Pick Up Chicks [HP]
 

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

a dog wearing VR

Monday Morning Accounting News Brief: Deloitte on Microtransactions; More EY Split Roadblocks; Have You Become Irritable? | 11.28.22

Happy Monday! Here’s some stuff that’s going on. Several US audit firms told the Financial Times that they had elevated some or all of their crypto-related clients to the status of “high risk”, triggering a more thorough audit that will take longer and lead to higher bills; some clients could ultimately be dropped altogether. KPMG […]

woman working on a laptop with a dog beside her

Monday Morning Accounting News Brief: The Leadership Void; KPMG Gets Fined (Again); PwC Ups Leave | 10.3.22

Deloitte launches Global Sustainability & Climate learning program that aims to enhance skills and capabilities of Deloitte people to help address a global societal challenge. Dubai’s financial regulator has provisionally fined KPMG and one of its former partners $2 million over the firm’s auditing of Abraaj, the emerging markets private equity group that collapsed in […]