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Which statement best describes how the SEC independence rules compare to those of the AICPA? 1 AICPA rules on performing nonaudit services are more restrictive

Which statement best describes how the SEC independence rules compare to those of the AICPA?

1 AICPA rules on performing nonaudit services are more restrictive than SEC rules

2 SEC and AICPA rules are substantially similar in all respects

3 There are no similarities between the SEC and AICPA rules

4 There are similarities and differences between the SEC and AICPA rules

Is 2 the best answer?

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