SEC Proposes to Modernize Auditor Independence Rules

On December 30, 2019, the SEC proposed amendments to codify certain staff consultations and modernize certain aspects of its auditor independence regulatory framework (Proposed Amendments). The Proposed Amendments are intended to eliminate non-substantive rule breaches and unnecessary reviews by audit committees of non-substantive matters (i.e., relationships and services that would not pose threats to an auditor’s objectivity and impartiality).

The Proposed Amendments are available at:

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