The Accounting Professional and Ethical Standards Board (APESB) has released an exposure draft of a proposed new professional standard on participation in due diligence committees by accountants in public practice. 
 
This exposure draft will be of principal interest to those accountants who act as members of, or observers on, due diligence committees, or who are engaged as advisors to such committees.  
 
ED 02/09 -Proposed Standard APES 350 Participation by Members in Public Practice in Due Diligence Committees outlines the accountant's mandatory obligations and includes a recommended due diligence sign-off format. 
 
Comments on the exposure draft should be sent to the APESB before 24 July 2009. 
 
Comment on this article 
Members can email the Institute with comments on this article here. 
 
Relevant links: 

• APESB: APES 350 exposure