A Few EY Partners Didn’t Get the Auditor Independence Rules Right

The SEC on Dec. 10 decided that two EY partners and one principal didn’t take the auditor independence rules seriously and doled out a few fines and sanctions. And like many of these auditor independence violations that get firms in hot water with the SEC or the PCAOB, the flagrant rules bending by EY had to do with providing non-audit services to an audit client. In this particular instance, the audit client was Cintas Corp: This matter involves aiding and abetting and causing violations of the auditor independence rules arising…

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