|
|
Article: Revisions to Nonattest Services 101-3 Rules.(Professional Ethics Executive Committee )(Brief Article)
- Article from:
- The Practical Accountant
- Article date:
- April 1, 2005
CopyrightCOPYRIGHT 2005 SourceMedia, Inc. 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)
|
The AICPA's Professional Ethics Executive Committee (PEEC) has adopted revisions to Interpretation 101-3 - Performance of Nonattest Services. The revisions relate to:
* General requirement No. 2, which requires, in part, that an attest client designate a competent employee to oversee the nonattest services provided by the member;
* General requirement No. 3, which requires that a member document his or her understanding with the client regarding key aspects of the nonattest services engagement; and
* The applicability of these general requirements to the member's performance of routine activities when performed as part of the normal ...