Financial regulators have charged 37 accounting firms and 32 individuals with violating the 2002 Sarbanes-Oxley anti-fraud law by auditing public companies without registering with the board that supervises the accounting industry.
The Securities and Exchange Commission said Thursday that 50 of the firms and partners had already settled with the agency for failing to register with the Public Company Accounting Oversight Board. The firms and individuals were responsible for 60 audit reports on 53 unnamed companies between November 2003 and October 2005.
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