Exposure draft: financial interests and independence.The AICPA AICPA See American Institute of Certified Public Accountants (AICPA). is seeking comment on a proposed ethics ethics, in philosophy, the study and evaluation of human conduct in the light of moral principles. Moral principles may be viewed either as the standard of conduct that individuals have constructed for themselves or as the body of obligations and duties that a interpretation under Rule 101-Independence, which would change the rules for determining whether financial interests held by a company's external auditor The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. impair im·pair tr.v. im·paired, im·pair·ing, im·pairs To cause to diminish, as in strength, value, or quality: an injury that impaired my hearing; a severe storm impairing communications. independence. The new interpretation looks to define financial interest, direct financial interest and indirect financial interest, and provide guidance on determining whether financial interests should be considered direct or indirect financial interests. Comments must be received by June 17. For more information, visit http://aicpa.org/members/div/ethics/Ethics_Exposure_Draft_Financial_Relationships.htm. |
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