ENG2525. Independence in an Alternative Practice Structure (NAA, PRA)

Session will focus on alterative practice structures and independence requirements that firms need to comply with. Today alterative practice structures in the accounting profession predominantly involve private equity investors. The AICPA's Professional Ethics Executive Committee has appointed a taskforce to review the current extant guidance on alternative practice structures and to determine whether new guidance is needed (authoritative and/or nonauthoritative). In addition, an update on the taskforce's progress will be provided.