SEC Adopts Rules Strengthening Auditor Independence

Topics:
Audits
Tags:
Auditor Independence,
Sarbanes-Oxley Act,
Sarbanes-Oxley,
Regulatory Compliance,
Regulations,
Policies And Procedures,
New Jersey Society Of Certified Public Accountants,
Human Resources,
Government,
Financial Accounting,
...
Source:
New Jersey Society of Certified Public Accountants

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Overview: The Securities and Exchange Commission voted to adopt rules to fulfill the mandate of Title II of the Sarbanes-Oxley Act of 2002, strengthen auditor independence and require additional disclosures to investors about the services provided to issuers by the independent accountant. Also, Section 201 of the Sarbanes-Oxley Act lists nine non-audit services that, if provided by the accounting firm, impair the firm's independence. This article lists in detail that the rules approved for adoption by the Commission, define the prohibited services.

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Format: HTML | Date: Jan 2003 | Pages: 1

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