JICPA publishes revision of "Interpretive Guidance for Professional Ethics"
November 26, 2012
On November 6, 2012, JICPA published a revised version of "Interpretive Guidance for Professional Ethics."
Due to the increased number of inquiries from members, the guideline has been revised to provide clarification on the limitation of continuous engagement of auditors and partners of audit firms in audit of public interest entities (PIEs), etc. (“rotation”), particularly with respect to how the requirement on rotation relates to audit of an amendment report, as specified in Article 24-2 of the Financial Instruments and Exchange Act.