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FROR 2023

The document outlines the Independence Declaration Form for individuals in a Financial Reporting Oversight Role (FROR) for the income year 2023, as mandated by the SEC and PCAOB regulations. It specifies that KPMG cannot provide tax services to individuals in FROR positions or their immediate family members at SEC audit clients. The form requires individuals to disclose their roles and confirm their commitment to notify KPMG of any changes in their or their family's employment status related to these positions.

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27 views

FROR 2023

The document outlines the Independence Declaration Form for individuals in a Financial Reporting Oversight Role (FROR) for the income year 2023, as mandated by the SEC and PCAOB regulations. It specifies that KPMG cannot provide tax services to individuals in FROR positions or their immediate family members at SEC audit clients. The form requires individuals to disclose their roles and confirm their commitment to notify KPMG of any changes in their or their family's employment status related to these positions.

Uploaded by

kirill.bich99
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Independence declaration form –

Financial Reporting Oversight Role (FROR)


Income year 2023 (1 January 2023 – 31 December 2023)

The Security and Exchange Commission in the United States, (SEC) and the Public Company Accounting Oversight
Board (PCAOB) have implemented regulations regarding auditor’s independence as it relates to the provision of
personal tax service. These rules apply to all accounting firms who audit SEC registered companies.

Among other things, the PCAOB regulation prohibits KPMG to provide any tax service to individuals in a so-called
“Financial Reporting Oversight Role” (FROR) at SEC audit clients of KPMG. This prohibition also comprises tax
advisory services to the individual’s immediate family members (spouse, spousal equivalent, children and parents who
are dependent on you) who hold a FROR position at SEC audit clients.

The term “Financial Reporting Oversight Role” means a role, in which a person is in a position to or does exercise
influence over the preparation of the financial statements, or to anyone who prepares the financial statements. The
PCAOB has provided the following list as examples of those individuals who may be regarded as having a “Financial
Reporting Oversight Role”:

• Chief Executive Officer


• President
• Chief Financial Officer
• Chief Operating Officer
• Chief Accounting Officer
• General Counsel
• Controller
• Director of internal audit
• Treasurer
• Member of Board of Directors

In order to ensure that KPMG does not violate these rules, we ask you kindly to assist by answering the questions below
and send this document to us prior to commencing any advisory services. Please put the X mark in the box next to the
selected answer:

1. Do you serve in any of the above-mentioned positions as an employee or as a member of Board of Directors?
Yes
No

If yes, please describe briefly the position and in which company you perform work.

2. Does your spouse (or spousal equivalent) or dependent (children or other who rely on you for support) serve in
any of the above-mentioned positions as an employee or member of Board of Directors?
Yes
No

If yes, please state the name of the company and describe briefly the position/work that is performed.

3. Please confirm that you will notify KPMG as a priority of any changes in your employment/directorship or
roles therein or those relating to your spouse, spouse equivalent and dependants as applicable, promptly as and
when the changes occur.
Yes, I will notify KPMG
No, I will not notify KPMG

Name (Capital letters) Signature

Date

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