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The mission of Advisory Committee on the Auditing Profession publishes Draft Report for public comment (due 6/13/08).
PCAOB Adopts New Independence Rule and Revises Rule 3523.
PCAOB proposes auditing standard on engagement quality review.
FDIC Proposes Changes to Independence Rules The proposed rule would require auditors of public and non-public FDIC-insured institutions meeting certain thresholds to comply with independence rules of the AICPA, SEC and PCAOB.
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Auditing is more than simply following technical standards—ethics and independence also play a crucial role in performing a quality audit. Welcome to the AUDIT CONDUCT web site — here you can find information about recent developments in ethics and independence rules and compliance issues affecting the conduct of audits and similar services. The AUDIT CONDUCT web site highlights emerging issues, trends, and best practices in the accounting profession, and seeks to raise awareness and foster meaningful debate on these essential prerequisites of the audit.
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