Revisions to Ethics Interpretation 101-independence.

• Position: AICPA News; accounting - Brief Article

CPAs who perform compilations, reviews, audits and other attest services need to be familiar with the revisions to the AICPA Ethics Interpretation 101-3 to ensure they have not performed non-attest services--such as bookkeeping or payroll services--that could impair their independence.

Some of the requirements for maintaining independence when performing non-attest services for an attest client include:

* Members cannot perform management functions or make management decisions on behalf of their attest clients;

* Prior to beginning the non-attest services engagement, the practitioner must be satisfied that the client is willing and able to perform all management functions relating to the engagement; and

* Documenting certain aspects of the engagement, including the client's agreement to oversee the services.

The interpretation took effect Dec. 31...