The AICPA Professional Ethics Executive Committee (PEEC)
adopted two ethics rulings that provide guidance on how members’ offer
or acceptance of gifts or entertainment to or from clients, customers
or vendors of their employer affects the members’ independence and
objectivity (
www.aicpa.org/download/ethics/ ). The ethics rulings under Rule
101, “Independence,” and Rule 102, “Integrity and Objectivity,” took
effect January 31, 2006 (see Official Releases, JofA ,
Jan.06, page 99).
Ethics
