SEC Answers Thorny Auditor Questions

The staff has issued an FAQ page, with questiions like these:
-- Can an accounting firm license or sell its proprietary income tax preparation software to an audit client?
-- Can the audit committee of the parent company function as the audit committee of the wholly-owned subsidiaries?
-- Would fees paid to the audit firm for operational audit services be included in "Audit-Related Fees"?
-- Are there circumstances where a tax or other specialty partner would be included within the definition of "audit partner"?
-- What are the rotation requirements for the "relationship" partner who is not the "lead" or "concurring" partner?

There are about 30 more at SEC Staff Responds to Frequently Asked Questions Regarding Auditor Independence; Press Release 2003-94