Gil Blumenthal, CPA

Email : phxmedi8r@aol.com

New for 2011
Fraud Update for CPAs

As part of its PCPS Independence Tool Kit, the AICPA has developed a practical tool to help practitioners assess the impact an inadvertent independence violation may have on the attest engagement team’s integrity, objectivity, or professional skepticism, and determine if a departure is justified. This tool provides suggested steps to be taken and related courses of action in dealing with matters that represent technical breaches of AICPA independence requirements.

http://www.aicpa.org/InterestAreas/PrivateCompaniesPracticeSection/Resources/KeepingUp/DownloadableDocuments/InadvertentIndependenceViolationsPracticeTool.pdf