Professional Ethics division issues exposure draft.

• Position: Brief Article

The AICPA Professional Ethics Executive Committee has issued an exposure draft containing five proposals for review and comment. The proposals include revisions to the following independence standards: Interpretation 101-1--Interpretation of Rule 101 (trustee or executor relationships with a client), Interpretation 101-2--Former Practitioners and Firm Independence, Interpretation 101-10--The effect on independence of relationships with entities included in the governmental financial statements, ethics ruling no. 41, Member as Auditor of Insurance...