PCAOB Releases Publication on Inspection Observations Related to Auditor Independence

The PCAOB has released a publication addressing trends the Board has observed regarding auditor independence during its inspections of audit firms over the past several years. Specifically, the report “highlights recent staff observations on independence, including common deficiencies which resulted in the issuance of comment forms, [footnote omitted] good practices, and other reminders, that can help audit firms and audit firm personnel comply with PCAOB and [SEC] independence standards and rules.”