Given some of the recent actions by the SEC, it’s reasonable to ask if the regulator may be enforcing a kind of “broken windows policing” effort. When put into practice, the broken windows theory as applied to non-Wall Street crime by police officers involves acting upon “small crimes such as vandalism, public drinking, and toll-jumping,”… Read More >>
SEC Charges Two Grant Thornton Firms with Independence Violations
U.S. markets regulator the SEC has charged two member firms of Grant Thornton International (GTI), Grant Thornton India LLP and Australia-based Grant Thornton Audit Pty Limited, with auditor independence violations. Specifically, the two GTI member firms “represented in audit reports that they were independent of their respective audit clients when the audit clients paid fees… Read More >>
