SEC Makes Auditor Independence Transcript Available
The Securities & Exchange Commission has posted on its web site the entire transcript of Day One of the auditor independence hearings which occurred on July 26.
AccountingWEB provided full coverage 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.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.