Audit Independence

Essay specific features

 

Issue:

Business

 

Written by:

Dana M

 

Date added:

May 8, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1005

 

Was viewed:

1854 times

 

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Essay content:

The amendments modernize the Commission’s rules for determining whether an auditor is independent in light of investments by auditors or their family members in audit clients, employment relationships between auditors or their family members and audit clients, and the scope of services provided by audit firms to their audit clients...
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The amendments also identify certain non-audit services that, if provided by an auditor to public company audit clients, impair the auditor's independence. Finally, the new rules identify non-audit services that might impair an auditor’s independence. For all annual proxy statements filed after February 5, 2001, a public company is required to disclose information related to the non-audit services provided by the auditor during the most recent fiscal year...
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