Securities and Exchange Commission: Strengthening the Commission's Requirements Regarding Auditor Independence
GAO-03-464R: Feb 19, 2003
- Full Report:
GAO reviewed the Security and Exchange Commission's (SEC) new rule on requirements regarding auditor independence. GAO found that (1) the rule would amend the SEC's requirements regarding auditor independence to enhance the independence of accountants that audit and review financial statements and prepare attestation reports filed with the SEC, and (2) SEC complied with the applicable requirements in promulgating the rule.