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blackout list big 4

I would like to understand whether auditors can actually make investments of their own? especially index investing, would it compromise on their independence or ethical issue (if any)? 
We can; but every Firm has a blackout list - of pubic companies that you can't invest in. These are companies they either audit or are looking to pursue. As a big 4 auditor, you are essentially precluded from investing in about 25% of public companies in the US. There are still about 75% you can invest in, that's a pretty big %. This blackout list can be accessed using your respective intranets. As a partner, you get audited a lot, but if you are below that, you may not get audited but you can. I would play it safe, only invest in stocks you are allowed to, find out whether you can invest before you invest in it. It's not worth losing your license over it, even if you don't have any inside information.

Comments

professional Accounting and Auditing said…
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August 22, 2014 at 4:41 AM
lindelwa dzimba said…
As a student, blogs like this really help me get a feel of workplace environment and give me an insight. I did not know that as an auditor you are not allowed to just invest anywhere but that you have limited entities that you can invest in. This encourages me to carry on reading blogs as I get to learn new things and add onto my existing knowledge
October 11, 2014 at 7:53 AM
Anonymous said…
Glad that the blog is helping you gain insight you don't to lose your licence over such little things, keep reading and learn more.
October 11, 2014 at 8:03 AM
bookkeeping tampa said…
A nice blogs that tells differentiates the black listed companies from the good ones. An important piece of information for investors.
October 28, 2014 at 6:08 AM
Unknown said…
Interesting blog. This is one of my favorite blog also I want you to update more post like this. Thanks for sharing this article.
Auditors in Chennai
November 18, 2014 at 10:08 PM
Unknown said…
Thank you so very much buddies! I like your all best ever posts daily here. My hat is off to you on your special working. www.aqmauditing.com
May 13, 2015 at 9:35 PM
Unknown said…
Hello!! Great job this is so great blog. Thanks! AQM Auditing
May 24, 2015 at 10:05 PM
Unknown said…
This comment has been removed by the author.
May 24, 2015 at 10:05 PM
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July 2, 2015 at 1:04 AM
Natural gas tankless heater said…
It makes sense that auditors would be blocked from investing in companies that they would have a direct effect on at some point
July 22, 2015 at 1:53 AM
Aaaaccounting said…
Very useful article. This is full of information I can't wait to dig deep and start utilising the useful resource given by you.
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March 9, 2021 at 11:44 PM
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