Bill > HR9410

This bill requires the Public Company Accounting Oversight Board (PCAOB) and the Securities and Exchange Commission (SEC) to treat an auditor as independent for past audits of a company that occurred before it became a public company, as long as the auditor meets the established professional standards for certified public accountants in the United States or the issuer's home country. The purpose is to provide more flexibility in determining auditor independence for companies that were not previously public, rather than applying the same strict independence rules that apply to current public companies.