In June 2019, the AICPA issued revised interpretation “Information Systems Services” (ET sec. 1.295.145) under the “Independence Rule” (ET sec. 1.200.001). The revised interpretation is effective Jan. 1, 2023, and early implementation is allowed.
The “Information Systems Services” interpretation (ET sec. 1.295.145) applies when a member provides nonattest services related to an attest client’s information systems. This practice aid applies to information systems services — a nonattest service — that a member provides to an attest client. Some examples of