The AICPA Professional Ethics Executive Committee issued the State and Local Government Client Affiliates interpretation, and the related Implementation guide, to provide guidance to auditors of state and local government entities in evaluating affiliates of those entities. This session will go through an overview of the revised interpretation, discuss examples of how affiliates would be evaluated using this interpretation, and discuss the 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 government entities
Apply new independence standards to state and local government entity audits