SEC Amends Auditor Independence Rules

The SEC has issued a final rule, Qualifications of Accountants. The final rule amends certain auditor independence requirements in Regulation S-X, Rule 2-01, focusing on relationships and services that are more likely to jeopardize the objectivity and impartiality of auditors.

For more information, see the press release as well as statements by SEC Chairman Jay Clayton and Commissioners Allison H. Lee and Caroline A. Crenshaw on the SEC’s Web site.