THE US financial regulator has taken the almost unprecedent persuade of slapping a partial ban in succession a Big Four US firm accepting novel audit clients.

THE US financial regulator has taken the almost unprecedent persuade of slapping a partial ban in succession a Big Four US firm accepting novel audit clients, following a scathing ruling onward the culture at the accountant.

The Securities and Exchange Commission (SEC) rul last month that Ernst & Young (US) should be banned for six month from winning strange audit business from SEC-registered companies fit to its relationship with software company PeopleSoft from 1994 to 1999 The SEC described the Big Four firm's part as "reckless" for involving itself in a "symbiotic relationship" with its audit client that violated professional standards.