The SEC and PCOAB have independence requirements that apply only to auditors of public companies.

Question

Quizplus · Accepted Answer

The SEC (Securities and Exchange Commission) and PCOAB (Public Company Accounting Oversight Board) have established independence requirements that apply specifically to auditors of public companies to ensure their objectivity and impartiality in performing their duties. These requirements do not apply to auditors of private companies.

The SEC and PCOAB Have Independence Requirements That Apply Only