The Securities and Exchange Commission has approved a new rule and amendment to an existing rule from the Public Company Accounting Oversight Board related to ethics, independence and the provision of tax services.

The SEC approved the PCAOB's proposed ethics and independence Rule 3526, "Communication with Audit Committees Concerning Independence." The commission also approved an amendment to the interim independence standards and an amendment to Rule 3523, "Tax Services for Persons in Financial Reporting Oversight Roles."

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