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.
Ethics
