Financial Accuracy in Reporting Act of 2002

Financial Accuracy in Reporting Act 2002 - Directs the Securities and Exchange Commission to revise auditor independence rules governing non-audit services for an audit client to establish standards pertaining to fiscal period audits as of October 1, 2002, that are consistent with, and at least as stringent as those established in the revisions of the Government Auditing Standards by the Comptroller General on January 25, 2002.

Directs the Commission to prescribe such revisions within one year after the date of enactment of this Act.