Complete Transcripts - all SEC Testimony

Read what all of the witnesses have had to say about the SEC's proposed auditor independence guidelines. The SEC has published all of the transcripts of all testimonies from public hearings held on July 26, September 13, September 20, and September 21.

The SEC has suggested guidelines to limit the scope of services that accounting firms conducting audits of publicly held companies can perform. Activition of these rules would require most large and mid-size accounting firms to give up much of their consultancy practices.

Detractors to these proposed guidelines have suggested that restricting the types of services that accounting firms can perform would cause quality job candidates to look elsewhere for more stimulating work and thus would ultimately dilute the quality of audit services performed.

Several members of the profession spoke out informally in an open forum conducted at AccountingWEB earlier this week.

=======================

Send this article to a colleague or client.

If you're not yet a member of AccountingWEB and would like to register for additional news and resources, subscribe now!

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Upcoming CPE Webinars

Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.