The Securities and Exchange Commission voted to...
The Securities and Exchange Commission voted to require companies to paint a more complete picture of disputes with their auditors. In a unanimous vote, the five SEC commissioners moved to expand an existing rule that already requires public companies to report changes in their independent accounting firms, and important disagreements that may have touched off the change. The new rule, in conjunction with existing accounting standards that require auditors to investigate irregularities in a client’s financial statements, will provide for “better information and more disclosure to the public,” an SEC official said.
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