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NFRA Meeting: The move to adopt ISA 600 is intended to tighten oversight on auditors who are often found shielding behind audit reports approved by subsidiary companies https://t.co/xUzu2714MX
In a split vote, the SEC blessed new rules making it easier for an audit watchdog to hold people responsible for audit firms' violations https://t.co/amCIQRSZYW https://t.co/N7WUrRuEpY
Wall Street regulator approves tougher rules for accounting 'negligence' https://t.co/EpLIQucqKa https://t.co/fatAhTPITu
Wall Street's top regulator has approved new, stricter rules to address negligence in accounting practices. In a split vote, the Securities and Exchange Commission (SEC) endorsed measures that will make it easier for an audit watchdog to hold individuals accountable for violations by audit firms. This regulatory change aims to enhance oversight and ensure greater responsibility among auditors, who have often been criticized for hiding behind audit reports sanctioned by subsidiary companies.
