On December 30, 2019 the SEC proposed changes to its auditor independence rules.  The proposal is intended to “update select aspects of the nearly two-decade-old auditor independence rule set to more effectively structure the independence rules and analysis so that relationships and services that would not pose threats to an auditor’s objectivity and impartiality do not trigger non-substantive rule breaches or potentially time consuming audit committee review of non-substantive matters”.

You can review a press release about the proposal here and find the proposed rule here.

As always, your thoughts and comments are welcome.