Florida Administrative Code
61 - DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION
61H1 - Board of Accountancy
Chapter 61H1-21 - INDEPENDENCE, INTEGRITY, ETC
Section 61H1-21.001 - Independence
Current through Reg. 50, No. 187; September 24, 2024
(1) Pursuant to Section 473.315, F.S., standards of practice are established for independence, and a Certified Public Accountant (CPA) in public practice is required to be independent in fact and appearance when providing services under Section 473.302(8)(a), F.S., namely expressing opinions on financial statements, referred to herein as attest services.
(2) Independence permits a CPA to perform an attest service without being affected by influences that compromise professional judgment or materially impair the CPA's ability to act with integrity and exercise objectivity and professional skepticism. The CPA shall determine whether those influences, when present, create such a threat that would cause the CPA not to act with integrity and exercise objectivity and professional skepticism. The CPA shall not perform an attest service where independence is impaired as described in this rule.
Rulemaking Authority 473.304, 473.315 FS. Law Implemented 473.315 FS.
New 12-4-79, Amended 2-3-81, 10-28-85, Formerly 21A-21.01, Amended 10-20-86, Formerly 21A-21.001, Amended 5-21-03, 1-31-05, 12-10-09, 10-10-22.
