The SEC proposes to "modernize" auditor independence rules

However, examples of actions taken, and not taken, suggest "modernize" is doublespeak for capitulating to the Big 4's dominance

Back in June 28, 2016, in a speech entitled, “Auditor Independence and the Role of the PCAOB in Investor Protection,” PCAOB member Steven B. Harris told an audience at the International Corporate Governance Network Annual Conference that he believed,

“…investors should be concerned about the emerging threats to auditor independence from the evolving fir…