EY admits it has 'more work to do' to improve quality controls over employees' independence reporting
By Neil Roland ( October 18, 2022, 20:24 GMT | Insight) -- Ernst & Young acknowledged today it has “more work to do” to improve quality controls over partners’ and managers’ compliance with the firm’s own independence policies for reporting personal financial relationships. The Big-Four accounting firm said “we understand and accept the findings” of a 2020 Public Company Accounting Oversight Board inspection report issued yesterday, and “are committed to improving.”Ernst & Young acknowledged today it has “more work to do” to improve quality controls over partners’ and managers’ compliance with the firm’s own independence policies for reporting personal financial relationships....
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