22Governmental Audit Quality Center Technical Update – Government Auditing Standards Final 2011 edition issued Main change relates to independence, especially when performing nonaudit services Very few changes made from interim version previously posted Effective date same as AICPA clarity For financial audits for periods ending on or after 12/15/12 No early implementation However, auditors need to be independent for entire audit period New Yellow Book independence requirements for nonaudit services may need to be considered as early as 1/1/12
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