{"id":35866,"date":"2024-10-24T00:53:56","date_gmt":"2024-10-24T00:53:56","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/comments-on-the-secs-proposed-rule-titled-strengthening-the-commissions-requirements-regarding-auditor-independence\/"},"modified":"2024-10-24T00:53:56","modified_gmt":"2024-10-24T00:53:56","slug":"comments-on-the-secs-proposed-rule-titled-strengthening-the-commissions-requirements-regarding-auditor-independence","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/comments-on-the-secs-proposed-rule-titled-strengthening-the-commissions-requirements-regarding-auditor-independence\/","title":{"rendered":"Comments on the SEC\u2019s Proposed Rule titled \u201cStrengthening the Commission&#8217;s Requirements Regarding Auditor Independence\u201d"},"content":{"rendered":"<p>Comments on the SEC\u2019s Proposed Rule titled \u201cStrengthening the Commission&#8217;s Requirements Regarding Auditor Independence\u201d are available here:<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/rules\/proposed\/s74902.shtml\"><u>https:\/\/www.sec.gov\/rules\/proposed\/s74902.shtmlLinks to an external site.<\/u><\/a><\/p>\n<p>You can see comments by various firms, groups, and individuals, including each of the Big 4, the second-tier and other audit firms.&nbsp;<\/p>\n<p>Read the submissions of&nbsp;<\/p>\n<ul>\n<li>(a) Deloitte&nbsp;<\/li>\n<li>(b) Ernst &amp; Young<\/li>\n<li>(c) Lynn Turner, former Chief Accountant of the SEC<\/li>\n<li>(d) Mark Anson, Chief Investment Officer, the California Public Employees&#8217; Retirement System.<\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/rules\/proposed\/s74902\/deloitte1.htm\"><u>https:\/\/www.sec.gov\/rules\/proposed\/s74902\/deloitte1.htmLinks to an external site.<\/u><\/a><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/rules\/proposed\/s74902\/ernstyoung1.htm\"><u>https:\/\/www.sec.gov\/rules\/proposed\/s74902\/ernstyoung1.htmLinks to an external site.<\/u><\/a><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/rules\/proposed\/s74902\/lturner011303.htm\"><u>https:\/\/www.sec.gov\/rules\/proposed\/s74902\/lturner011303.htmLinks to an external site.<\/u><\/a><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/rules\/proposed\/s74902\/manson1.htm\"><u>https:\/\/www.sec.gov\/rules\/proposed\/s74902\/manson1.htmLinks to an external site.<\/u><\/a><\/p>\n<p><strong>Required:<\/strong><\/p>\n<p>Critically evaluate the partner compensation rules from SEC\u2019s FRR No.68 (2003).&nbsp;<\/p>\n<p>Question:<\/p>\n<ul>\n<li>How can the rule be improved?&nbsp;<\/li>\n<\/ul>\n<p>Note:<\/p>\n<p>Your answer must include references to the above four comments, but you are free to use material from other commenters.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comments on the SEC\u2019s Proposed Rule titled \u201cStrengthening the Commission&#8217;s Requirements Regarding Auditor Independence\u201d are available here: https:\/\/www.sec.gov\/rules\/proposed\/s74902.shtmlLinks to an external site. You can see comments by various firms, groups, and individuals, including each of the Big 4, the second-tier and other audit firms.&nbsp; Read the submissions of&nbsp; (a) Deloitte&nbsp; (b) Ernst &amp; Young (c) [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[183],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/35866"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=35866"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/35866\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=35866"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=35866"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=35866"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=35866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}