Complying with ethics interpretation 101-3 on providing non-attest services to attest clients.What constitutes impaired independence when a CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. performs non-attest services for an attest To solemnly declare verbally or in writing that a particular document or testimony about an event is a true and accurate representation of the facts; to bear witness to. To formally certify by a signature that the signer has been present at the execution of a particular writing so as client? The answer can be found in Ethics Interpretation 101-3--Performance of Nonattest Services (www.aicpa.org/download/ethics/interp_revisions_Sept03.pdf). The new roles were issued in Sept. 2003 by the Professional Ethics professional ethics, n the rules governing the conduct, transactions, and relationships within a profession and among its publics. professional ethics liability, n 1. Executive Committee and became effective for new engagements on Dec. 31, 2003 (however, the document requirement has been deferred until Dec. 31, 2004). Detailed articles on the interpretation were featured in the Oct. 2003 CPA Letter (www.aicpa.org/pubs/cpaltr/oct2003/index.htm) and in the newsletter's public accounting supplements in Apr. (www.aicpa.org/pubs/cpaltr/apr2004/index.htm). In response to member inquiries, the AICPA has developed additional resources to help members understand their professional responsibilities in this area. They are: * Frequently asked questions and answers to provide real-life examples of the interpretation in practice, A continually con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. updated list of Qs & As regarding general provisions of the interpretation can be accessed from www.aicpa.org/download/ethics/nonattest_q_a.pdf. Questions and answers regarding information technology services are available at www.aicpa.org/download/ethics/QA_IT.pdf. * PEEC's background and basis for conclusions sheds light on why changes were made to Interpretation 101-3 and the rationale rationale (rash´  nal´),n the fundamental reasons used as the basis for a decision or action. behind each revision, including how member feedback helped clarify positions. This document is available from www.aicpa.org/members/div/ethics/index/bfc1.htm. * Clarification of the new document requirement provisions under Interpretation 101-3 is available from www.aicpa.org/download/ethics/20040205_deferral deferral - Waiting for quiet on the Ethernet. .pdf. * Ethics Division Hotline 1. (company) Hotline - Hotline Communications Ltd.. 2. (messaging) Hotline - Hotline Connect. staff stands ready to address member inquiries. This free hotline service helps members comply with the ethical standards in the Code of Professional Conduct and provides help understanding independence and ethics rules in general, including those prescribed pre·scribe v. pre·scribed, pre·scrib·ing, pre·scribes v.tr. 1. To set down as a rule or guide; enjoin. See Synonyms at dictate. 2. To order the use of (a medicine or other treatment). by other bodies. Call 888/777-7077 (option 5, then option 2) or send an e-mail to ethics@aicpa.org. Members are encouraged to frequently check the AICPA Web page dedicated to this issue for updated and new information. Visit "Restrictions on Non-Attest Services for Attest Clients--AICPA Rule 101-3" at www.aicpa.org/members/div/ethics/intr_101-3.htm (a link to that page also is available from the "Professional Ethics" link on the www.aicpa.org home page). |
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