An appeals court has thrown out a regulatory disciplinary finding against a former EY audit partner that was supported by the Securities and Exchange Commission.
The U.S. Court of Appeals for the District of Columbia heard arguments in December from Mark E. Laccetti, a former partner at EY, and the SEC over a disciplinary action originally undertaken by the Public Company Accounting Oversight Board. The appeals court sided with Laccetti, saying he was denied adequate counsel because the PCAOB would not permit Laccetti’s legal counsel to be assisted by an accounting expert during the deposition.
