October 2, 2012 letter commenting on Proposed Revised Interpretations

Published: Oct 2, 2012. Publicly Released: Oct 2, 2012.

Additional Materials:

Contact:

James R. Dalkin
(202) 512-3000
DalkinJ@gao.gov

 

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

This letter provides the U.S. Government Accountability Office's (GAO) comments on the AICPA Professional Ethics Executive Committee's (PEEC) proposed revisions to Interpretation No. 101-3, "Nonattest Services," under Rule 101, Independence. GAO is commenting on PEEC's proposed revisions to language in Interpretation No. 101-3 on the effect on independence of providing nonattest services, including financial statement preparation and cash-to-accrual conversion and internal audit assistance services. GAO is not commenting on the proposed new interpretations under Rules 501 and 502 or the proposed deletions of ethics rulings that are included in the exposure draft. As noted below, while GAO generally agrees with the proposed Interpretation No. 101-3, we have concerns related to the proposed language addressing special conditions under which independence would not be impaired, the proposed discussion of cumulative threats to independence, and the placement of the section on monitoring of internal control in the internal audit assistance section of the Interpretation.

Oct 20, 2017

Oct 2, 2017

  • auditing icon, source: PhotoDisc

    U.S. Territories:

    Public Debt Outlook
    GAO-18-160: Published: Oct 2, 2017. Publicly Released: Oct 2, 2017.

Sep 26, 2017

Jul 13, 2017

Jul 12, 2017

Jun 30, 2017

Jun 29, 2017

Jun 14, 2017

Jun 13, 2017

Looking for more? Browse all our products here