A recently released exposure draft from the American Institute of CPAs contains two different interpretations under the institute's independence rules.

Released by the Professional Ethics Executive Committee, the exposure draft proposes one new and one revised interpretation under Rule 101, "Independence." The changes take into account comments received on the committee's original draft, released a year ago. That draft contained guidance for independence and the use of indemnification and limitation of liability provisions as well as the performance of forensic accounting services.

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