You're here really with what I would call a couple of simple changes; they may not be simple to you, but they're not huge changes that you're looking for. It's wording.
Your replacement for...to comply with the independent standards of the association or institute of accountants that has jurisdiction over them. So you're saying that if you're a CGA, your own CGA association has its own standards, code of ethics, code of practices, or whatever you want to call it, and that should be good enough to cover you off.
But you could still operate under this other wording. What's the downside of the other wording?