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Sarbanes UK swoop

Sarbanes UK swoop

by Rick Turoczy on September 19, 2006

Inspectors from the Public Company Accounting Oversight Board, the US audit watchdog, spent two weeks at E&Y;’s offices in early August and returned for a second visit this month, according to people familiar with the process.

The inspections have been expected since the enactment of Sarbanes-Oxley in 2002 but details of their timing had been unclear. Inspections involve US staff interviewing accountants and scrutinising audit documents relating to selected client engagements.

Sarbanes UK swoop

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