New guidance on implementing Interpretation 101-3.The AICPA's 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. Division has issued two new documents that provide guidance on understanding and implementing the general requirements of Interpretation 101-3, Performance of Nonattest Services. The first, Guidance in Understanding the Client Competency COMPETENCY, evidence. The legal fitness or ability of a witness to be heard on the trial of a cause. This term is also applied to written or other evidence which may be legally given on such trial, as, depositions, letters, account-books, and the like. 2. Requirement, provides answers to the most frequently asked questions on this requirement, including what is meant by competency for purposes of the rule; how competency can be assessed, and who at the client could serve as the designated competent employee. The second, Requirement to Document Understanding with 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, responds to questions received on the type of documentation required and includes sample documentation language. Download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. the guidance at http://aicpa.org/news/2004/2004_1123.htm. |
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