By WebCPA Staff: The International Federation of Accountants and the International Ethics Standards Board for Accountants have issued a revised Code of Ethics for Professional Accountants that strengthens the independence requirements of auditors.
The revised code, which takes effect on Jan. 1, 2011, extends the independence requirements for audits of listed entities to all "public-interest entities," which are companies that are considered to be of significant public relevance.
Read complete article More Stringent Accounting Ethics Code Released
Source: WebCPA, 10 July 2009. © 2009 Accountants Media Group and SourceMedia, Inc. All rights reserved.