SEC Acting Chief Accountant Discusses Auditor Independence and Audit Committee Oversight
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.
