It is best practice to document client acceptance considerations and an assessment of the practitioner’s independence in the file as well. Practitioners might wish to consider using the template checklists available from CPA Canada.
CPA Code of Professional Conduct Summary - Independence
Independence is not required for compilation engagements. However, where the provider of the compilation services may be seen to be lacking independence there are disclosure requirements. In these scenarios the practitioner should disclose in their Notice to Reader any activity, interest or relationship which would be seen by a reasonable observed to impair the practitioner’s independence. CPA RoPC 204.9
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