Corporations and their independent auditors should note three recent SEC auditor independence cases. Auditor independence cases typically arise from financial, employment, or business ties between auditor and client. But these three cases arose from "inappropriately close personal relationships" between audit firm and client personnel, a first for independence cases according to SEC Enforcement Director Andrew Ceresney. The Commission charged not only the audit firm and the partners involved, but also the financial executives at the clients who were involved. The respondents settled the cases on filing and neither admitted nor denied the SEC’s finding. This summary is drawn from the Commission’s ceaseand-desist orders.
Murphy & McGonigle's Steven Feldman is quoted on Philly.com in the article, "Investigations Like Bridgegate Turn on Nuances, Legal Experts Say."
Regulation Through the Eyes of Non-Bulge Bracket Firms & New Issuers, Panel Member, 83rd Annual Market Structure Conference – Game Changers & Culture Creators.
Elizabeth Del Cid participates in the Latina Leadership Academy.