Comments on Concept Release on Auditor Independence

The Retail Industry Leaders Association (“RILA”) and its Financial Leaders Council (“FLC”) are pleased to submit the following comments on the Board’s Concept Release on Auditor Independence and Audit Firm Rotation (“Concept Release”), issued by the Board on August 16, 2011. RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs, and more than 100,000 stores, manufacturing facilities, and distribution centers domestically and abroad.