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SEC Chief Accountant Discusses Auditors’ Responsibility for Fraud Detection

Reynolds Holding

5] Under existing Public Company Accounting Oversight Board (“PCAOB”) auditing standards, auditors for issuers have a responsibility to consider fraud and to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by fraud or error. [6] PricewaterhouseCoopers LLP , No.

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SEC Announces Enforcement Results for FY 2022

Reynolds Holding

Similarly, the SEC’s June 2022 action against Ernst & Young LLP featured the largest penalty ever imposed by the SEC against an audit firm. For example, three former senior executives of infrastructure company Granite Construction, Inc. Similarly, the founder and former CEO of technology company Synchronoss Technologies, Inc.