What does FROR stand for?

The Sarbanes-Oxley Act of 2002 (SOX) mandated that an auditing firm's independence is impaired if a former member of a public company's audit engagement team (without regard to level, tenure, or extent of involvement) accepts a supervisory accounting position or financial reporting oversight role with the audit client, unless that individual observes a one-year "cooling off" period.

The PCAOB also adopted an amendment to Rule 3523, Tax Services for Persons in Financial Reporting Oversight Roles, to remove verbiage that stipulated that firms providing tax services during the portion of the audit before the professional engagement period are not independent of the audit client.

to describe in writing to the audit committee all relationships between the firm or any of its affiliates and the issuer or persons in a financial reporting oversight role at the issuer that may reasonably be thought to bear on the firm's independence.