Members of the Professional Ethics Executive Committee of the American Institute of CPAs acknowledged a series of practitioner's concerns with regard to PEEC's revised interpretation of rules governing members who offer non-attest services to attest clients.
At issue for some members attending the AICPA's Fall Meeting of Council, here, were the specifics of Rule 101-3 on performance of non-attest services, and what constitutes independence when non-attest services -- i.e., information technology systems design, appraisal and valuation, bookkeeping, and internal audit outsourcing, etc. -- are provided to attest clients.
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