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Comment: AICPA hosting proposal

Grant Thornton LLP comments on the AICPA's Professional Ethics Executive Committee’s (PEEC's) May 2016 exposure draft, which provides a new independence interpretation and guidance to members on the provision of hosting services for clients where a client engages a member to have custody or control of data or records that the client uses to conduct its operations.

Grant Thornton supports PEEC’s position that a new independence interpretation and guidance is needed to address “hosting services,” as we agree it is management’s responsibility to have custody and control over its assets.

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