3. Assume that you have been invited to advise the accounting oversight body in one of the former Eastern European countries that became a member of the EU in May 2004. The accounting oversight body is charged with the task of identifying the main issues to be addressed in implementing the use of IFRS. Required:

Which is a primary source of the PCAOB independence rules? AICPA Frequently Asked Questions: Nonattest Services. SEC Frequently Asked Questions. AICPA independence rules as of April 16, 2003. International independence standards.

International fi nancial reporting standards are currently developed by which entity? B . Th e International Accounting Standards Board.