Exposure draft: financial interests and independence.

• Position: AICPA News - American Institute of Certified Public Accountants - Brief Article

The AICPA is seeking comment on a proposed ethics interpretation under Rule 101-Independence, which would change the rules for determining whether financial interests held by a company's external auditor impair independence.

The new interpretation looks to define financial interest, direct financial interest and indirect financial interest, and provide guidance on determining whether financial interests should be...