Annual independence declaration, engagement team
Eligibility under s.141 is a bright-line test you either pass or fail; independence under the Code of Ethics is a judgement you must document, and NFRA's inspections show that firms lose on the documentation, not the judgement.
- 2 pages
- 22
- Word and PDF
- 13 September 2026
What it covers
- 1Annual independence declaration, engagement teamSQC 1 · s.141 · Code of Ethics (13th Edn)
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
[Name of the firm], Chartered Accountants
Annual declaration of independence, eligibility and confidentiality
Ref: [IND/2026-27/serial]