SEC

The Big Four firm is broadening its array of services to help clients deal with growing demands for sustainability and climate risk reporting and assurance.

U.S. regulators have long said they’re dubious about the green and socially conscious labels that Wall Street applies to $35 trillion in so-called sustainable assets. Now, the watchdogs are hunting for proof that they’re right.

The company settled claims that it engaged in an expense-management scheme that resulted in inflated earnings.

Two members of the Public Company Accounting Oversight Board, Rebekah Goshorn Jurata and Megan Zietsman, jointly announced Monday they plan to resign by Oct. 1, or earlier if new board members are named.

In a slow quarter for new engagements, EY and Gries & Associates also made good showings.

The congressional group took the unusual step of backing a candidate, law firm partner Erica Williams, to head the audit overseer.

The Securities and Exchange Commission charged Ernst & Young, one of its current partners, and two of the firm’s former partners Monday with violating auditor independence rules and improper professional conduct.

A warning from the commission has prompted hundreds of special purpose acquisition companies to issue financial restatements.

A federal judge in San Francisco ruled in favor of PricewaterhouseCoopers in a case involving a former employee who sued PwC for firing him after he complained about conflicts of interest among audit clients.

Despite enhancements already made to audit quality, the audit profession will never rest on its laurels.