October 22, 2010

Monitor and evaluate the issues of the AICPA’s Professional Ethics Executive Committee (PEEC), to harmonize ethics standards of State Boards of Accountancy with other regulatory bodies, to promote the development and adoption of UAA ethics provisions uniformly among the states, and to share with state boards emerging ethics and other professional issues. A properly developed concept of independence will enable auditors to carry out their responsibility to report accurate, unbiased financial information to shareholders. As the Committee began to survey the jurisdictions and various regulatory bodies, we identified several reasons for a uniform definition of independence.

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Final Uniform Independence Definition Discussion Paper

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