Are you still confused about all the news of the SEC proposed changes to the auditor independence requirements? Read the full text of the proposed ruling to see how it affects you.
This proposed rule was offered up by the SEC in June and the profession has been given 75 days to present its reactions and proposed revisions to the ruling before the SEC moves forward with changing the landscape of public accounting forever.
This may not be the most exciting bed-time reading you can find, but if you are a member of the accounting profession, this proposed legislation should be keeping you up at night.
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