SEC's Audit Proposal May Bolster Compliance, Competition

By Charles Smith and Andrew Fuchs (January 13, 2020, 2:46 PM EST) -- On Dec. 30, the U.S. Securities and Exchange Commission announced proposed amendments to its auditor independence requirements. If approved, these proposed amendments would significantly modify the framework that public companies and their auditors use to evaluate auditor independence, providing additional clarity for certain particularly difficult and recurring issues....

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