Detail The New GAO Independence Standard : What Auditors Need to Know   Oleh:  Snyder, Lisa A. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 194 no. 5 (Nov. 2002), page 43-50. Topik: AUDITORS; GAO independnece; auditors Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.15 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel In January the GAO amended Government Auditing Standards (the yellow book), significantly tightening its auditor independence provisions. In issuing the new standard, the comptroller general stated that protecting the public interest and ensuring public confidence in the independence of auditors of government financial statements, programs and operations, both in form and substance, were the overriding considerations. The updated standard is required reading for auditors of government entities and of organizations receiving government funds. The GAO originally scheduled the new provisions, Amendment no. 3, Independence, to take effect October 1, but many practitioners said certain of the provisions were ambiguous, especially with respect to nonaudit services. AICPA members and others also worried about the cumbersome nature of some of the new standard’s independence "safeguards” that, for example, mandated separate engagement teams for audit and nonaudit services. In response, the GAO helped in two ways. In July it made the standard effective for all audits pertaining to periods beginning on or after January 1, 2003. At the same time it issued a series of questions and answers (Q & A) aimed at clarifying the new provisions and facilitating compliance with them. The supplemental guidance explains the standard’s underlying concepts, how to make the transition from the old standard to the new and how to apply the standard in specific non audit circumstances. This article outlines the principal aspects of the new standard, explaining whom they affect and what they require of practitioners. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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