|
 |
 SEC Roils Profession With Independence DebateA comprehensive roundup of the developments in the controversy over auditor-independence rules.
WASHINGTON, D.C., Nov. 23, 2000 (SmartPros) -- One week after the Securities and Exchange Commission unanimously approved the revised auditor independence rules, the Commission has posted the final rule revisions online.
WASHINGTON, D.C., Nov. 17, 2000 (SmartPros) -- The Securities and Exchange Commission's revised auditor independence rules are receiving a lukewarm reception from many in the accounting community.
Independence Rule Limits But Doesn't Bar Consulting
WASHINGTON, D.C., Nov. 16, 2000 (SmartPros) -- The Securities and Exchange Commission voted Wednesday to modernize the auditor independence rules and limit the amount of consulting work auditors can provide to their audit clients. SEC Miffed Over News Report on Independence Proposal
WASHINGTON, D.C., Nov. 15, 2000 (SmartPros) -- The Securities and Exchange Commission is annoyed by a recent news report that claims the Commission's proposed auditor independence rules, which are up for vote Wednesday morning, may crack down on consulting services that audit firms offer corporate clients. SEC's Rules Apply to Large Firms Only
WASHINGTON, D.C., Nov. 10, 2000 (SmartPros) -- Small firms can rest easy as the new Securities and Exchange Commission's independence rules cracks down on Big Five auditors on just two consulting services, according to the Public Accounting Report.
SEC to Vote on Rule Proposal Next Week
WASHINGTON, D.C., Nov. 8, 2000 (SmartPros) -- Despite requests from Congress and some industry members to delay action on the proposed auditor independence rules, the Securities and Exchange Commission is forging ahead -- and much faster than many expected. Lawmakers Push for Six-Month Extension on Independence Rule
WASHINGTON, D.C., Nov. 4, 2000 (SmartPros) -- House members are urging congressional appropriators to support an additional six-month comment period for the controversial auditor independence rule, according to a news report. Audio Interview: Levitt Says Final Independence Rule Is Imminent
Nov. 1, 2000(SmartPros) -- Securities and Exchange Commission chairman Arthur Levitt says in an exclusive interview with SmartPros that the SEC will issue a final rule on auditor independence within 60 days. Levitt Leavens Message: Recorded Live by SmartPros
Oct. 31, 2000 (SmartPros) -- Securities and Exchange Commission Chairman Arthur Levitt appears poised to seek a compromise with the CPA establishment in the battle over auditor independence rules. SEC's Levitt "Senses" Willingness to Work Together on Rulemaking Proposal
LAS VEGAS, Oct. 26, 2000 (SmartPros) -- After months of sparring with the profession over the proposed auditor independence rules, Securities and Exchange Commission Chairman Arthur Levitt is asking that both sides remove their boxing gloves and work together. Trickle Down Effect of SEC Proposals Worries CPA Firm Group
GREAT NECK, Oct. 24, 2000 (SmartPros) -- While in favor of tightening the rules that govern auditor independence, an association of some 1,200 CPA firms says it has some concerns over the impact of the current Securities and Exchange Commission proposals on small accounting firms. Levitt Addresses Small Firms Concerns Over Independence Rules
GREAT NECK, N.Y., Oct. 21, 2000 (SmartPros) -- In an effort to allay the fears of small firms concerned that the proposed auditor independence rules will trickle down and put them out of business, Securities and Exchange Commission chairman Arthur Levitt assured some 70 CPAs here that the Commission is addressing their concerns. Audit Clients in Developing Countries Could Be Slammed By SEC's Proposed Independence Rules
LONDON, Oct. 19, 2000 (AccountancyMagazine.com) -- According to members of the Big Five, clients in developing and transitional countries will be the real victims of the U.S. Securities and Exchange Commission's proposed audit independence rules. SEC's Levitt Asks Congress Not to Intervene With Rulemaking Process
WASHINGTON, D.C., Oct. 18, 2000 (SmartPros) -- The Securities and Exchange Commission's chairman Arthur Levitt recently sent a letter to several members of Congress, urging them not to intervene in the Commission's auditor independence rulemaking process. WASHINGTON, D.C., Sept. 29, 2000 (SmartPros) -- The Securities and Exchange Commission's proposed auditor-independence rule will have little, if no, impact on smaller firms, SEC chairman Arthur Levitt told members of Congress. BOSTON, Sept. 27, 2000 (SmartPros) -- A speech here by Arthur Levitt, chairman of the Securities and Exchange Commission, to the National Association of State Boards of Accountancy has sparked criticism among listeners, according to the group's president.
WASHINGTON, D.C., Sept. 26, 2000 (SmartPros) -- The comment period on the Securities and Exchange Commission's proposed auditor-independence rule came to a rest Monday, leaving many to wonder what lies ahead.
WASHINGTON, D.C., Sept. 23, 2000 (SmartPros) -- The American Insitutue of CPAs and Big Five firm KPMG restated their opposition to the Securities and Exchange Commission's proposed auditor-independence rule in Thursday's public hearing.
Letters to the Editor: Independence vs. Consulting
Sept. 23, 2000 -- From John L. Rodi: Given the recent sub Rosa conversion of not-for-profit assets to a for profit business by the AICPA is there any doubt in anyone’s mind that they have sold out the profession? Therefore, what does it matter to them who is or is not independent. WASHINGTON, D.C., Sept. 22, 2000 (SmartPros) -- Cracking the mold of the Big Five, Ernst & Young and PricewaterhouseCoopers told the Securities and Exchange Commission Wednesday they approve limiting the services an audit firm can provide to audit clients.
September 21, 2000 -- Read the complete testimonies regarding the proposed auditor-independence rule by visiting: http://www.sec.gov/rules/s71300t.htm#9-21.
NEW YORK, Sept. 15, 2000 (SmartPros) -- Feeling the heat from the Big Five, the Securities and Exchange Commission has scheduled an extra day for the auditor independence hearings.
WASHINGTON, Sept. 15, 2000 (SmartPros) -- In the ongoing battle between regulators and members of the profession over auditor independence, the American Institute of CPAs this week issued the results of a survey aimed at blasting the proposed auditor independence rules.
WASHINGTON, D.C., Sept. 1, 2000 (SmartPros) -- The Securities and Exchange Commission has extended the deadline for the submission of written materials for the Sept. 20 public hearing on auditor independence.
WASHINGTON, D.C., Aug. 22, 2000 (SmartPros) -- In an effort to get the public's view on its proposal to modernize auditor independence rules, the Securities and Exchange Commission said it will hold a second public hearing.
Levitt Tries Writing History on the Backs of the Big Five
Aug. 2, 2000 (SmartPros) -- Securities and Exchange Commission Chairman Arthur Levitt appears to be attempting to undo almost two decades of regulatory complacence by taking an implacable line on auditor independence. Clearly fed up with three years of arrogance and foot-dragging by the Big Five accounting firms, Levitt is seeking to rent asunder auditing from consulting. |
|
|||||
|
|||||||
|
|
|||||||
|
|||||||
