Monthly Archives: August 2011

Auditor Independence

 The Public Company Accounting Oversight Board plans to hold an open meeting to discuss its proposed regulations calling for greater auditor independence and mandatory rotation of audit firms.

The PCAOB will consider a “concept release” that would solicit public comments on ways to enhance the independence, objectivity and professional skepticism of audit firms. Among the proposals the PCAOB plans to consider is one requiring mandatory audit firm rotation.