The Public Company Accounting Oversight Board has proposed a new ethics rule on communicating with audit committees concerning independence.

Rule 3526 would require an accounting firm to communicate to a company's audit committee about any relationships between the firm and the company that might reasonably affect the firm's independence. The communications would be required before the firm accepts any new engagement, as well as annually for continuing engagements.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access