August 26, 2008

NASBA responds to  an Exposure Draft – Section 290 of the Code of Ethics: Independence-Audit and Review Engagements (May 2008). NASBA goes on to say that the proposal as written is not appropriate and states multiple changes that are necessary. For example NASBA believes that it is not in the public interest to provide for a “grace period” before the requirement for notification to those charged with governance becomes affective.

See Full Document:

IESB_Response_to_Exposure Draft_Independence_Audit_and_Review_Engagements 26Aug08

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