Lee Corp., a small public company, acquires a private company. Austin & Co$.$ audits Lee Corp. and will now audit the combined company, which will file reports with the SEC. Which independence rules will apply to the combined company?

O Austin may choose between the AICPA and SEC rules.

Austin should apply the DOL and IESBA rules

O SEC and PCAOB rules will apply.

Only AICPA rules will apply.