Evaluation of a Firm’s Compliance with 2024 Yellow Book Independence Requirements Related to Nonaudit Services

This document provides comprehensive guidance to peer reviewers evaluating whether firms comply with the 2024 Yellow Book independence requirements when performing nonaudit services.

The examples provided are intended to assist the peer reviewer in determining whether there is a departure from professional standards and the impact of that departure on the engagement. However, examples cannot contemplate every circumstance a peer reviewer might face and are not a substitute for professional judgment. The peer reviewer is likely to encounter situations where