Partial revision of the “Application Guidance of the Conceptual Framework of Independence”
August 24, 2010
Following the revision of the Code of Ethics for Professional Accountants by the International Federation of Accountants (IFAC), JICPA partially revised, in July 2010, the “Application Guidance of the Conceptual Framework of Independence”. The application guidance was prepared to improve the understanding of the Conceptual Framework Approach and to ascertain the application of the framework to the independence of the auditors. This new guideline is scheduled to be implemented from April 2011.