Overcoming Ethical Challenges in Attest Engagements

Solutions for Implementing AICPA Interpretation 101-3

Recording of a 100-minute CPE webinar with Q&A

Conducted on Wednesday, October 3, 2007

Course Materials


AICPA's Ethics Interpretation 101-3 for independence in providing attest services continues to vex many accounting firms. The onus is on the firm to objectively assess its independence and persuade its attest clients to agree to implement necessary steps on their end.

Firms must develop proactive strategies to avoid ethical violations, minimize administrative hassles and miscommunications, and cope with clients who are unprepared or unwilling to cooperate.

Listen as our panel of accounting veterans, each of whom is experienced in analyzing ethical standards for the profession, offers you solutions for working through ongoing difficulties with implementing Interpretation 101-3.



Our panel will address these and other key ethics-related issues:

  • Assessing independence - Make sure that you are current on all services that the AICPA asserts would compromise the independence of an attest engagement.
  • Avoiding extreme steps - Find alternatives to knee-jerk steps like "we're not independent" declarations in compilations.
  • Finding documentation alternatives - Spell out engagement terms in an internal memo or a modified engagement or representation letter.
  • Working with clients - Persuade clients to sign internal documents and to prepare controls, and help clients that may be unprepared to take on those duties.
  • Leveraging advantages - Fortify your defense against malpractice claims by adhering to Interpretation 101-3.


Raymond M. Nowicki
Raymond M. Nowicki
Nowicki & Co.

He is a former member of the AICPA's Peer Review Board. He has over 20 years of experience as an advisor to businesses...  |  Read More

D. Scot Loyd
D. Scot Loyd
Partner-In-Charge,Governmental Practice
Swindoll Janzen Hawk & Loyd

He has been a partner with the firm since 1990. He has been extensively involved with the AICPA's ethics executive...  |  Read More

Cathy Allen
Cathy Allen
President and Founder
Audit Conduct

Her firm consults on auditor independence and ethics. Previously, she was a senior staffer in the AICPA's Professional...  |  Read More

Lisa Snyder
Lisa Snyder
Director, Professional Ethics Division