{"id":1420,"date":"2008-08-26t10:53:11","date_gmt":"2008-08-26t15:53:11","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=1420"},"modified":"2024-10-01t09:18:43","modified_gmt":"2024-10-01t13:18:43","slug":"is-it-time-to-scrap-the-independence-standard","status":"publish","type":"post","link":"\/\/www.g005e.com\/2008\/08\/26\/is-it-time-to-scrap-the-independence-standard\/","title":{"rendered":"is it time to scrap &#8216;independence?&#8217;"},"content":{"rendered":"<p><strong>for comps and reviews, maybe.<\/strong><\/p>\n<p>who really needs or wants an &#8220;independent&#8221; accountant, anyway?<\/p>\n<p>leading accounting firms are pushing a revamp of the rules for compilations and reviews that would drop the traditional &#8216;independence&#8217; requirement and replace it, instead,\u00c2\u00a0 with a new standard aimed at reliability. the idea has been cooking for a couple years, but it&#8217;s only now starting to get some buzz in the profession.<\/p>\n<p>the aicpa&#8217;s powerful <span id=\"mcmsbreadcrumbcontrol1\"><a href=\"https:\/\/www.aicpa.org\/professional+resources\/accounting+and+auditing\/audit+and+attest+standards\/accounting+and+review+services+committee\/\" target=\"_blank\" rel=\"noopener\">accounting and review services committee<\/a> is now looking at the idea, pushed there by an ad hoc reliability task force of the <a href=\"http:\/\/pcps.aicpa.org\/community\/pcps+executive+committee.htm\" target=\"_blank\" rel=\"noopener\">aicpa pcps executive committee<\/a>.<\/span><\/p>\n<p> <a href=\"\/\/www.g005e.com\/2008\/08\/26\/is-it-time-to-scrap-the-independence-standard\/#more-1420\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>for comps and reviews, maybe.<\/strong><\/p>\n<p>who really needs or wants an &#8220;independent&#8221; accountant, anyway?<\/p>\n<p>leading accounting firms are pushing a revamp of the rules for compilations and reviews that would drop the traditional &#8216;independence&#8217; requirement and replace it, instead,\u00c2\u00a0 with a new standard aimed at reliability. the idea has been cooking for a couple years, but it&#8217;s only now starting to get some buzz in the profession.<\/p>\n<p>the aicpa&#8217;s powerful <span id=\"mcmsbreadcrumbcontrol1\"><a href=\"https:\/\/www.aicpa.org\/professional+resources\/accounting+and+auditing\/audit+and+attest+standards\/accounting+and+review+services+committee\/\" target=\"_blank\" rel=\"noopener\">accounting and review services committee<\/a> is now looking at the idea, pushed there by an ad hoc reliability task force of the <a href=\"http:\/\/pcps.aicpa.org\/community\/pcps+executive+committee.htm\" target=\"_blank\" rel=\"noopener\">aicpa pcps executive committee<\/a>.<\/span><\/p>\n<p> <a href=\"\/\/www.g005e.com\/2008\/08\/26\/is-it-time-to-scrap-the-independence-standard\/#more-1420\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2254,3120],"tags":[],"class_list":["post-1420","post","type-post","status-publish","format-standard","hentry","category-growth","category-pro-member-exclusive","membership-content","access-restricted"],"acf":[],"yoast_head":"<!-- this site is optimized with the yoast seo plugin v23.7 - 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