Section 291 : Independence - Other Assurance Engagements

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Structure of Section

A Conceptual Framework Approach to Independence

Assurance Engagements

Assertion-Based Assurance Engagements

Direct Reporting Assurance Engagements

Reports that Include a Restriction on Use and Distribution

Multiple Responsible Parties

Documentation

Engagement Period

Other Considerations

Application of the Conceptual Framework Approach to Independence

Financial Interests

Loans and Guarantees

Family and Personal Relationships

Employment with Assurance Clients

Recent Service with an Assurance Client

Serving as a Director or Officer of an Assurance Client

Long Association of Senior Personnel with Assurance Clients

Provision of Non-assurance Services to Assurance Clients

Fees

Gifts and Hospitality

Actual or Threatened Litigation