Deloitte, Ernst & Young, KPMG and PwC are pressing the Public Company Accounting Oversight Board to abandon its proposal to discipline individual accountants who through negligence cause their firms to breach laws.
The proposal by the PCAOB, set up under the Sarbanes-Oxley law of 2002, is central to the regulator's efforts to guard against wrongdoing by accountants in the wake of recent scandals.
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