Ep. 45: Part 8 Back to basics — Independence... What's a breach and how can you cure one?

What happens when you do everything right but still experience an inadvertent breach of independence? What is a breach? In their continuing discussion of independence, Jennifer Kappler, CPA, and Nancy Miller, CPA, answer these questions as well as discussing related systems of quality control. They also discuss how independence breaches can affect members in business, who are often the clients of auditors.

Helpful related resources

• AICPA Code of Professional Conduct
• Plain English guide to independence
• Independence rules comparison: AICPA and Government Auditing Standards