Ethics


ETHICS
The Public Company Accounting Oversight Board pushed back a key implementation date for an aspect of PCAOB Rule 3523, Tax Services for Persons in Financial Reporting Oversight Roles. Under the old implementation schedule, the rule was not to apply to tax services being provided pursuant to an engagement in process on April 19, 2006, so long as the services were completed on or before October 31, 2006. Under the revised implementation schedule, the board will not apply the rule to tax services provided on or before April 30, 2007, when those services are provided during the audit period and are completed before the professional engagement period begins.

The PCAOB pushed back the implementation date after it decided to revisit the parts of the rule that deal with tax services provided during the period before a registered public accounting firm becomes auditor of record for an audit client.

For more information visit www.pcaobus.org/Rules/Docket_017 .

SPONSORED REPORT

Get your clients ready for tax season

These year-end tax planning strategies address recent tax law changes enacted to help taxpayers deal with the pandemic, such as tax credits for sick leave and family leave and new rules for retirement plan distributions, as well as techniques for putting your clients in the best possible tax position.

RESOURCES

Keeping you informed and prepared amid the coronavirus crisis

We’re gathering the latest news stories along with relevant columns, tips, podcasts, and videos on this page, along with curated items from our archives to help with uncertainty and disruption.