Auditor Independence and the C-Suite's Growing Role
[...]the C-suite has a critical role to play in identifying and addressing situations that could impair independence, such as M&As. According to Dealogic data, worldwide M&A value increased more than 25% between 2016 and 2021. According to Dave Michaels in Big Four Accounting Firms Come Unde...
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Published in | Strategic finance (Montvale, N.J.) Vol. 105; no. 3; pp. 43 - 49 |
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Main Authors | , , |
Format | Magazine Article |
Language | English |
Published |
Montvale
Institute of Management Accountants
01.09.2023
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Subjects | |
Online Access | Get full text |
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Summary: | [...]the C-suite has a critical role to play in identifying and addressing situations that could impair independence, such as M&As. According to Dealogic data, worldwide M&A value increased more than 25% between 2016 and 2021. According to Dave Michaels in Big Four Accounting Firms Come Under Regulator's Scrutiny the SEC's enforcement director, Gurbir Grewal, warned in December 2021 that the SEC "will have a firm commitment moving forward to continue to target deficient auditing by auditors, auditor independence cases, [and] cases around earnings management." Munter clarified that, given that all listed firms are required to hire an independent auditor, they share this responsibility. [...]as the client, the C-suite has a distinct role in monitoring independence issues that could arise from consulting engagements and M&A activities. |
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ISSN: | 1524-833X |