SEC Adopts Amendments to Auditor Independence Requirements
By EsqSocial Corporation 26/10/20
On October 16, 2020, the Securities and Exchange Commission (SEC) adopted final amendments to certain of the auditor independence requirements in Rule 2-01 of Regulation S-X (Reg. S-X), referred to as the auditor independence rule. Under the SEC's auditor independence rule, auditors are required to be independent of their audit clients "both in fact and in appearance." The rule includes a non-exclusive list of relationships and circumstances, including certain financial, employment, and business...
By: Wilson Sonsini Goodrich & Rosati