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SEC Updates Frequently Asked Questions Concerning Auditor Independence
Mondaq Business Briefing, December, 2004
SEC Updates Frequently Asked Questions Concerning Auditor Independence
The Securities and Exchange Commission has added to its list of frequently asked questions on topics related to auditor independence. The new frequently asked questions document combines these new interpretations with questions and answers issued in 2003 and 2001, including some updated material. The full text of these frequently asked questions can be found at http://www.sec.gov/info/accountants/ocafaqaudind121304.htm. The following are highlights of the new interpretations concerning auditor independence:
If an audit partner spends time providing services in a special partner capacity, such as providing tax services or national office/technical services, which continue his or her direct...
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