AICPA ethics committee corrects authoritative guidance

The official release containing revised authoritative guidance published in December by the AICPA Professional Ethics Executive Committee (PEEC) contained an error that has since been corrected.

The document, Executive or Employee Recruiting (ET §1.295.135), contained an inaccurate example within a list of actions that AICPA members can take to ensure that threats to independence remain at an acceptable level when providing recruiting services for attest clients.

Paragraph .02d now states that members may “review candidate resumes provided by the attest client to identify those that meet the attest client’s criteria.”

Before the correction, paragraph .02d stated that members may “recommend qualified candidates to the attest client for their consideration based on criteria approved by the attest client.”

The guidance will be effective Jan. 1, 2026, and early implementation is allowed.

— To comment on this article or to suggest an idea for another article, contact Bryan Strickland at Bryan.Strickland@aicpa-cima.com.