AICPA Independence Rules Modernized.

Position:American Institute of Certified Public Accountants - Brief Article
 
FREE EXCERPT

In an effort to modernize the profession's rules on independence, the Professional Ethics Executive Committee adopted revisions to financial interest and family relationship rules under Rule 101--Independence. The new rules embrace an engagement-team-focused approach to independence, which extend to those who can influence the engagement, an approach already supported by other independence standard-setters and regulators, such as the Securities and Exchange Commission and the International Federation of Accountants.

In...

To continue reading

FREE SIGN UP