Tag Archives: Independence

Recent Developments in Auditor Tenure and Independence

Last month, over 35% of General Electric Co.’s shareholders voted against ratification of KPMG LLC as GE’s auditor. This high level of opposition (for some context, last year’s votes against KPMG were at a mere 5.7%) comes in the wake … Continue reading

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SEC proposes auditor independence rule covering lending relationships with clients

By Rodney F. Tonkovic, J.D. The SEC has proposed to amend its auditor independence rules concerning the independence of an accountant who has a lending relationship with certain shareholders of an audit client. Among other changes, the proposed amendments to … Continue reading

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Mulvaney's Half-Year Report to Congress: Move to Dismantle Independence of CFPB and to Curtail Consumer Protection Mission Continues

Mulvaney requests that Congress make four changes to the law in the name of establishing meaningful accountability for the Bureau 1. Fund the Bureau through Congressional appropriations;2. Require legislative approval of major Bureau rules;3. Ensure that the Director answers to the … Continue reading

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Data Privacy, Independence of National Supervisory Authorities and Scrutiny: Case C-518/07

We need to catch up on some juicy judgments! A while back, the Court of Justice declared in Case C-518/07 Commission v. Germany that Germany had breached Article 28 §1 of Directive 95/46/EC on data protection because the authorities it… … Continue reading

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Lawsuit: Two Adult Cruise Passengers Assault Minor on Independence of the Seas

Surveillance video on Royal Caribbean's Independence of the Seas shows an attack on a 13 year old boy by two adult passengers. The men, identified by local Miami news station NBC 4 as Martinez and Lawson, corner the teenager in … Continue reading

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