Ep 9: Independence considerations when implementing FASB ASC 606

November 25, 2019

In this video edition of Ethically Speaking, Toni Lee-Andrews, director of the AICPA Professional Ethics Division, and Jeff Lewis, a partner at Dixon Hughes Goodman talk about independence issues related to clients’ implementation of FASB ASC 606.

Specifics include how to help clients implement the new guidance without crossing the independence line and how to apply safeguards from the General Requirements for Performing Nonattest Services interpretation (1.295.040). The episode will also cover services that you might provide to clients and understanding a client’s documentation of compliance with FASB ASC 606.

Watch this episode:

Download the slides shared in the video.

If you have questions about the substantive content of this episode, please call the ethics hotline at 888.777.7077 (option 2, then option 3) or email ethics@aicpa.org.

If you have comments on this episode or if you’d like to suggest topics for future episodes, please email ethicallyspeaking@aicpa.org.