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The AICPA’s Professional Ethics Executive Committee (PEEC) has issued a new ethics interpretation (https://us.aicpa.org/content/dam/aicpa/interestareas/professionalethics/community/exposuredrafts/downloadabledocuments/2022/2022compliance-audits-final.pdf) around Compliance Audits. The interpretation adds two new definitions and revises a third definition. In addition, several Q&As were added to provide context for the application of the independence rules for these engagements.
Do you agree with the application of the new definitions to independence requirements?
#ethics #independence #complianceaudit
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