Letters to Regulators: Letter Opposing the PCAOB’s Rushed Rule Weakening Auditor Independence Standards
Americans for Financial Reform Education Fund signs onto a letter from Consumer Federation of America 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 undersigned urge the SEC to deny the requested rule change.