GOV2042. Independence Considerations for a SLG: Present and Future

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.

Learning Objectives:

• 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