Templates
Internal Audit
CPA Independence Checklist
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CPA Independence Checklist

The "CPA Independence Checklist" streamlines ongoing compliance, auditor independence maintenance, and handling of potential impairments professionally.
1
Review and understand professional standards regarding auditor independence
2
Establish and maintain independence policies and procedures internally
3
Identify and classify relationships that may impair independence
4
Analyze financial relationships with the client such as investments or loans
5
Examine employment relationships between the client and the CPA firm
6
Verify CPA’s compliance with the firm’s independence policies
7
Determine any improprieties in professional behavior or impairments to independence
8
Approval: Review of Independence Findings
9
Prepare and maintain documentation of independence considerations
10
Analyze impact of new business relationships on independence
11
Routinely confirm ongoing compliance with independence standards
12
Determine need for withdrawal from engagement if independence is impaired
13
Approval: Withdrawal Decision
14
Communicate independence considerations with the client if necessary
15
Implement post-engagement actions if independence was impaired
16
Review and update independence policies and procedures as needed