WEBVTT

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Speeches from the SEC continue to underscore

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that compliance with auditor independence rules does not

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rest solely with the auditor, but rather is a shared responsibility.

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All parties, including the client’s management, the Audit

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Committee or Those Charged with Governance, audit teams, and

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non-audit services engagement teams, share in this

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responsibility. It may also involve collaboration between

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engagement teams and other firm professionals, such as the

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Independence Group, Engagement Management Coordinators, and others.

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It is crucial to communicate this shared responsibility and

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promote the client’s understanding of their role.

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We encourage using the Audit Committee communication

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templates, specifically the slide on “Shared

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responsibilities: Independence” when delivering our audit

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plan to the Audit Committee to reinforce this important message.

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