The AICPA Professional Ethics Division issued the State and Local Government Client Affiliates Interpretation to provide guidance to auditors of State and Local governments in evaluating which entities are affiliates of those governments. This session will go through an overview of the revised interpretation, discuss examples of how affiliates would be evaluated using this interpretation, and introduce some tools to assist in the evaluation.
Identify changes introduced in the revised interpretation
Determine how the new standard impacts identified affiliates of state and local governments
Apply new independence standards to state and local government audits