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SEC makes auditor independence requirements more flexible

The Securities and Exchange Commission (SEC) has announced it is to relax some of its auditor independence requirements in a bid to reduce the number of technical rule violations and increase the pool of audit firms from which companies can select.

SEC makes auditor independence requirements more flexible
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The US regulator said the move was in response to years of consultations showing that certain relationships and services triggered technical independence rule violations without necessarily impairing an auditor’s objectivity and impartiality. 

Read more at the Accountancy Daily.

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