RSM to pay $3.75M to SEC for improper audits
Accounting Today
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The Top 10 Firm was penalized for improper professional conduct for failing to properly audit a client, and more of today’s top stories.?
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The SEC charged the Chicago-based Top 10 Firm and three of its senior employees with not properly auditing a client’s financial statements over a four-year period.
In other news today:
The Top 10 Firm is expanding its corporate tax practice.
The Top 10 Firm reported Thursday that its U.S. revenue for the fiscal year ending July 31, 2022, rose nearly 17% to reach a record of $2.3 billion.
Deloitte's member firm in China agreed to pay a $20 million penalty to settle charges with the Securities and Exchange Commission that the firm asked its audit clients to do their own auditing work.
The Financial Accounting Standards Board issued an accounting standards update to improve transparency about the use of supplier finance programs for investors and other capital providers.
No more flying Coach; under the bar; last scheme in Clarksville; and other highlights of recent tax cases.
FCA,MBA.B.Sc Economics
2 年RSM remains top notch in audit. This will be a catalyst for RSM to rise above it and be the best.
MS and BBA in Accounting | 5 Years of Accounting Experience in Insurance Industry | Continuous Learner| Results-Driven Professional | Strong Team Player
2 年When will these silly firms learn?