Auditor independence on regulators’ radars

Accounting investigation

Firms’ continued struggles regarding compliance with auditor independence requirements have drawn the unwelcome attention of U.S. regulators.

Both the Public Company Accounting Oversight Board (PCAOB) and Securities and Exchange Commission (SEC) have emphasized in public statements the topic is a critical enforcement area.

Below is a refresher on some of the principal independence requirements for auditors and current areas of regulator emphasis.

lock iconTHIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.