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DOL/EBSA RIN: 1210-AC15 Publication ID: Fall 2022 
Title: ●Interpretive Bulletin Relating to the Independence of Employee Benefit Plan Accountants  
Abstract:

This action revises a Department of Labor Interpretive Bulletin (IB), issued in 1975, which set forth guidelines for determining when a qualified public account is independent for purposes of auditing and rendering an opinion on the financial statements required to be included in the annual report filed with the Department of Labor under the Employee Retirement Income Security Act, as amended (ERISA).  This action removes certain outdated and unnecessarily restrictive provisions and reorganizes its provisions more generally to clarify the interpretive bulletin, while continuing to ensure that the Department’s interpretations foster proper auditor independence and employee benefit plan access to highly qualified auditors and audit firms.

 
Agency: Department of Labor(DOL)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 29 CFR 2509.2022-01   
Legal Authority: 29 U.S.C. 1023    29 U.S.C. 1135   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Final Rule  09/06/2022  87 FR 54368   
Final Rule Effective  09/06/2022 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Jeffrey J. Turner
Deputy Director, Office of Regulations and Interpretations
Department of Labor
Employee Benefits Security Administration
Room N5669, 200 Constitution Avenue NW, FP Building, Room N-5655,
Washington, DC 20210
Phone:202 693-8500