Audit Voices: Private Equity and Auditor Independence
Featured in Accounting Today
The Securities and Exchange Commission and the Public Company Accounting Oversight Board have expressed renewed focus on public accounting firms’ obligations to create and maintain a culture of professional, ethical behavior and auditor independence in fact and in appearance.
Natalia M. Greene, Esq., CPE, Senior Vice President of Risk Management at Lemme, a division of EPIC is a contributing author to Accounting Today. Read Natalia’s article to learn more about accounting firms considering restructuring, mainly when it involves private equity and divestitures of portions of the accounting firm’s business and the elevated risk to auditor independence that such transactions present (you can also click the downloadable resource link).
Lemme, a division of EPIC (“Lemme”), has provided specialized insurance brokerage and consulting services to the accounting and legal profession since 1998. Our experienced brokers work with clients to understand their business, assess needs, and develop solutions using our integrated approach to service. Lemme approaches each opportunity with integrity, transparency and total accountability to our clients. We are honored to have built long-term relationships with clients ranging in size from top national firms to large regional and local firms throughout the United States. In working with clients across the full spectrum of service offerings, specialty niches, and overall risk profiles, we gain valuable insights into claim trends, regulatory requirements and best practices we share with decision-makers. Moreover, this knowledge allows us to build enhanced policy wordings, program structures and risk management to achieve the best overall results for our clients.