Final answer:
An entity must disclose all non-audit services provided by its audit firm under the SEC's rules to ensure transparency and independence of the audit process. Additional disclosures may be required for audit partners, relationships with audit firm employees, and fee structures.
Step-by-step explanation:
Under the SEC's rules regarding independence, an entity must disclose all non-audit services provided by the audit firm. This requirement ensures transparency and helps assess the independence of the audit firm from the entity it is auditing. It's important for stakeholders to be aware of the services that the audit firm provides beyond the standard audit to prevent conflicts of interest.
Other information such as the audit partner's personal investments, any family relationship with audit firm employees, and the audit firm's fee structure may also be subject to certain disclosure requirements, depending on the context and the relevant rules. For instance, the Sarbanes-Oxley Act of 2002 requires public companies to disclose whether their audit committee consists of independent directors and whether an audit firm is providing non-audit services.