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SEC Acting Chief Accountant Discusses Auditor Independence and Audit Committee Oversight

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Oct 26, 2021

On Oc­to­ber 26, 2021, the SEC Acting Chief Accountant, Paul Munter, issued a statement on the importance of auditor independence and the audit committee oversight of the independent auditor in establishing high-quality financial reporting.

His remarks cover the following topics:

  • Introduction
  • The Importance of Auditor Independence
  • Responsibility of Audit Committees and Management
  • Responsibility of Audit Firms
  • General Standard of Independence
  • Importance of Audit Committee Oversight of the Independent Auditor
  • Closing

Re­view the statement on the SEC’s Web site.

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