An accounting trade body has invested in audit-related tech startups, while setting auditing standards and overseeing millions of audits—prompting concerns within the industry of potential conflicts of interest.
The American Institute of Certified Public Accountants says its “shark-tank style startup accelerator,” illustrated on its website by a skateboarding man in a suit, is designed to foster innovation.
Source: https://www.wsj.com/articles/audit-standards-overseer-also-backs-startups-11669494019?siteid=yhoof2&yptr=yahoo