The SEC's Auditor Independence Regulation

Abstract: A 7 page paper discussing some of the implications of the SEC's rule that outside auditors be totally independent of the businesses they audit. SEC chairman Arthur Levitt maintains that financial reporting is the only quantitative measure that investors have in evaluating a stock's attractiveness, and that they deserve to have full and correct information on which to base their choices. The Big 5 accounting firms are opposed to the new regulation but must ensure that they are in compliance with it. Bibliography lists 12 sources.

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Catagory:

Subcatagory: Money & Banking / Corporate Finance

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