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Article: Understanding nonattest services independence rules related to information systems.
- Article from:
- Catalyst (Dublin, Ohio)
- Article date:
- January 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 Ohio Society of Certified Public Accountants. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The past several months have brought a series of actions by the AICPA designed to help clarify many questions related to independence including:
* An omnibus proposal dated March 19, 2003, in which the AICPA Professional Ethics Executive Committee (PEEC) published an exposure draft seeking comments on proposed revisions under Rule 101 related to independence.
* Revisions to the Code of Professional Conduct, issued by the PEEC in August 2003, to be effective Sept. 30, 2003.
* A Background and Basis for Conclusion document published by the AICPA in December 2003, which provides further interpretation and revision to 101-3.
These changes ...