In 2001, the SEC changed the rules defining the group of people in an audit firm to whom the independence rules apply. The independence rules apply to:

Question

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The SEC's rules on auditor independence primarily focus on those individuals who can directly influence the outcome of an audit. This includes partners located in the same office as the lead audit partner, as they are considered to have a more direct connection and potential influence on the audit engagement.

In 2001, the SEC Changed the Rules Defining the Group