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According to Accounting Today, the SEC loosened independence rules as part of a deregulatory push in recent years.


  1. According to the article, what will the amendments to Rule 2-01 of Regulation SX do?
  2. How do the new and old rules vary on the following situation: An auditor is with a firm that audits a lender that provided the individual auditor with his/her student loan.
  3. What was some of the dissention against the change?


Cohn, M. (2020). SEC loosens auditor independence rules. Accounting Today, Oct. 16 (Retrievable online at