April 29, 2005
Don't Mess with The Donald!
No not Donald Trump, Chairman Donaldson of the SEC. What was Deloitte thinking? The Big Four still do not get it that they are regulated. They cannot just say and do whatever they want to. Those days are over.
An excerpt of the exchange here:
"SEC Demands Revision of Deloitte Statement
Washington (April 29, 2005) - The Securities and Exchange Commission strongly objected to a statement by Big Four firm Deloitte & Touche regarding settlements the audit firm entered into with the commission to resolve charges related to two of Deloitte's former audit clients.
The SEC asked the firm to revise a press release that it had issued Tuesday, Deloitte spokeswoman Deb Harrington confirmed.
"They [the SEC staff] objected to our characterization of how we described the case and we agreed to defer to their description of the case," Harrington told WebCPA"
For the complete article, click here.
For help in performing your Section 404 Compliance Simply and affordably, see www.issuescentral.com or call (800) 410-6681 to learn more about Sarbanes-Oxley Compliance Playbook(tm).
An excerpt of the exchange here:
"SEC Demands Revision of Deloitte Statement
Washington (April 29, 2005) - The Securities and Exchange Commission strongly objected to a statement by Big Four firm Deloitte & Touche regarding settlements the audit firm entered into with the commission to resolve charges related to two of Deloitte's former audit clients.
The SEC asked the firm to revise a press release that it had issued Tuesday, Deloitte spokeswoman Deb Harrington confirmed.
"They [the SEC staff] objected to our characterization of how we described the case and we agreed to defer to their description of the case," Harrington told WebCPA"
For the complete article, click here.
For help in performing your Section 404 Compliance Simply and affordably, see www.issuescentral.com or call (800) 410-6681 to learn more about Sarbanes-Oxley Compliance Playbook(tm).
