Americans for Financial Reform Education Fund and several partners sent a joint letter opposing the PCAOB’s proposal to weaken auditor independence standards. The proposed rule will undermine investors’ faith in the reliability of financial disclosures, and risk the integrity of our capital markets. Furthermore, the PCAOB has abused process by adopting these changes without opportunity for public comment and hurrying the SEC approval process without justification. The letter urged the SEC to deny the requested rule change.
View or download the full letter here