Conduct	Independency	Objectivity
Audit	needed	needed
Review	needed	needed
Attestation	needed	needed
Compilation	No needed	needed
Tax Practice	No needed	needed
Consulting Services	No needed	needed

Keywords of Independency

• Independent in fact and appearance[ET55 Article IV]
• Direct and Material indirect financial interest[ET101.02 101-1]

  Independence is considered impaired if a lease meets the criteria of a capital lease.

• Significant influence[ET101.11 101-9]

• Consulting Services
  • Consultation
  • Advisory services
  • Implementation services
  • Transaction services
  • Staff & other support services
  • Product services
• General standards
  • Client interest

    integrity,objectivity

  • Understanding with the client

    nature,scope and limitation of services

  • Communication with the client

    conflict of interest,significant engagement finding or events,significant resevations conserning the scope or benefits of the engagement

• Principles of Conduct
  • Responsibilities[ET52]
  • The Public Interest[ET53]
  • Integrity[ET54]
  • Objectivity & Independence[ET55]

    Keywords of Independency

    • Independent in fact and appearance[ET55 Article IV]
    • Direct and Material indirect financial interest[ET101.02 101-1]
    • Significant influence[ET101.11 101-9]

  • Due Care[ET56]

    Due Care means to plan and supervise adequately.

  • Scope of Nature of Services[ET57]
• General Standrads and Accounting Principles[ET200]
  • General Standards[ET201.01 Rule201]
    • Professional Competence[ET56.03]
    • Due Professional Care[ET Article V]
    • Planing and Supervision[ET291.18]
    • Sufficient Relevant Data[ET201.01 Rule201]
  • Accounting Principles[ET203.2 203-1]
    • Departures From GAAP
      • new legislation
      • evolution of a new form of business transsaction
• Responsibilities to Clients[ET300]

  Rules	Remarks
  Confidential Client Information[Rule 301]	A member in practice will not disclose except Subpoena CPA Society's quality review purchase,sale or merger of a practice
  Contingent Fees[Rule 302]	Not allowed except certain tax matters[Interpretation 302-1]

• Other Responsibilities and Practices[ET500]

  Rules	Interpresentations	Remarks
  Acts Discrediable[Rule 501]	Retention of Client's Records Discrimination & Harassment in Employment Practices	needed Not Allowed
  Advertising & Other Forms of Solicitation	False,Misleading or Deceptive Acts Engagements obtained through efforts of 3rd parties	Not allowed Allowed
  Commisions & Referral Fees[Rule 503]
  Forms of Organization and Names[Rule 505]

• SSCS[Statement on Standards for Consulting Services]
  • Consulting Services
    • Consultation
    • Advisory services
    • Implementation services
    • Transaction services
    • Staff & other support services
    • Product services
  • General standards
    • Client interest

      integrity,objectivity

    • Understanding with the client

      nature,scope and limitation of services

    • Communication with the client

      conflict of interest,significant engagement finding or events,significant resevations conserning the scope or benefits of the engagement

• SRPFP[Statements on Responsibilities in Personal Financila Planning Practice]
• AT[Statements on Standards for Attestation Engagements]
• SSAR[Statements on Standards for Accounting and Review Services]

  If not independent,needed below presentation on report.
  I am not independent with respect to XYZ Company.