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Four major accounting firms are under the control of regulators

WASHINGTON — Regulators are conducting an in-depth study of conflicts of interest in the nation’s largest accounting firms, and are questioning whether the advice they sell and other non-audit services undermine the ability of public companies to conduct independent financial assessments.

The Securities and Exchange Commission’s investigation highlights the agency’s new focus on financial market gatekeepers, such as accountants, bankers and lawyers. These companies help companies raise capital and communicate with shareholders, but they also have obligations under federal investor protection laws. Accountants are the first line of defense of shareholders against line or fair accounting.

Four major accounting firms are under the control of regulators

Source link Four major accounting firms are under the control of regulators

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