SEC Makes Auditor Independence Transcript Available

The Securities & Exchange Commission has posted on its web site the entire transcript [1] of Day One of the auditor independence hearings which occurred on July 26.

AccountingWEB provided full coverage [2] of the event throughout the day, and will do so again for the second day of hearings, scheduled for September 13.

Speakers presenting testimony before the SEC in July included public accountants, industry accountants, educators, members of accounting associations, government accountants, rule-makers, and a publisher, all of whom provided insights into the potential effects of the proposed rules limiting auditor independence.

Numerous requests have been made to the SEC that they extend the time period for consideration of the auditor independence guidelines, and allow more hearings, but thus far the SEC has not changed its timetable for public discussion on this issue.