PCAOB Posts Marked Text Illustration of Amendments to Independence Standards and Rules

On November 19, 2020, the Public Company Accounting Oversight Board adopted amendments to the interim independence standards and independence rules of the Board.

As a reference tool for the amendments, the staff of the Office of the Chief Auditor has prepared a comparison document that shows changes from the existing standards and rules, with added text underscored and deleted text stricken through. The amendments are pending approval by the Securities and Exchange Commission.

The staff document—along with the Release, Rule Filing, and other Supplemental Materials—can be found on the Docket 047 page.

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About the PCAOB

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers registered with the Securities and Exchange Commission, including compliance reports filed pursuant to federal securities laws.