Ethics


The AICPA professional ethics executive committee (PEEC) defers until December 31, 2004, the effective date of its recently established requirement—originally effective September 30, 2003—that a member document in writing his or her understanding with a client regarding all nonattest services to satisfy general requirement no. 3 of Interpretation 101-3, “Nonattest Services,” of the AICPA Code of Professional Conduct. This extension, which gives members more time to update their firms’ policies and procedures and educate personnel, does not apply to the code’s basic requirement that the member come to an agreement with the client about the performance of nonattest services. That provision is not new and remains in effect.

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What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.