The committee’s actions include a new definition of publicly traded entity and a revised definition of public interest entity. The changes will have two-tiered effective dates.
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TOPICS
Ethics
Auditor independence threats and malpractice claims
When questions of independence arise in malpractice claims related to audit services, plaintiff ’s counsel often second-guesses the firm’s independence, painting a picture that the auditor’s professional skepticism was tainted.
How mental shortcuts expose you to wire fraud risk
Despite warnings and trainings, wire fraud claims continue to increase in frequency and severity. Here are some tips to help short-circuit your natural responses to this threat.
PEEC addresses attest client fees and ethics in professional education
The AICPA Professional Ethics Executive Committee has approved changes to the Code of Professional Conduct related to attest client fees and ethical responsibilities for testing for professional qualifications and competencies.
A guide on when, where, and how to blow the whistle safely
The “Responding to Noncompliance With Laws and Regulations” (NOCLAR) interpretations included in the AICPA Code of Professional Conduct answer questions members in business may have about reporting fraud.
Compliance is good, but a culture of ethics is better
Finance and ethics expert Clare Levison, CPA, CGMA, explores the connection between the good life and knowing and adhering to all the standards and laws that govern the profession.
What’s your fraud IQ?
Test your knowledge of ethics standards and how to properly administer and enforce ethics polices within an organization to promote ethical decision-making.
PEEC seeks feedback on proposed changes to the Code of Professional Conduct
The AICPA Professional Ethics Executive Committee is releasing proposed changes to the Code to align definitions of public interest entities and publicly traded entities with international ethics standards.
PEEC seeks feedback on proposed changes to the Code of Professional Conduct
The AICPA Professional Ethics Executive Committee is releasing proposed changes to the AICPA Code of Professional Conduct. The proposals relate to convergence with international standards and to clarifying members’ ethical responsibilities related to allowable collaboration for CPE.
PEEC updates code for compliance audits
The AICPA Professional Ethics Executive Committee (PEEC) approved updates to the AICPA Code of Professional Conduct, including two new definitions and one revised definition.
IRS news, Roth conversion considerations, stopping elder financial abuse
Hear about one Inflation Reduction Act concern posed by a leading taxpayer advocate and catch up on recent JofA news and feature articles.
NOCLAR: What CPAs in public practice need to know
Here is a summary of the key requirements that apply to members in public practice when offering services to clients, and how CPAs can understand, advise, communicate, withdraw, and document details when faced with NOCLAR.
NOCLAR: What CPAs in business should know
New interpretations of AICPA’s Code of Professional Conduct contribute to the fight against financial fraud, money laundering, bribery, and other noncompliance issues. Learn more about your role and specific steps you can take when encountering NOCLAR.
Untangling client affiliates
The AICPA Code of Professional Conduct requires CPA firms to identify all their financial statement attest client affiliates.
PEEC and ASB issue new requirements for CPAs regarding NOCLAR
New interpretations of noncompliance with laws and regulations (NOCLAR) coincide with an ASB standard regarding prospective auditors’ NOCLAR responsibilities.
PEEC proposals update compliance audit definitions and interpretations
The proposed ethics updates include new or revised definitions and interpretations related to independence during compliance audit engagements.
Code of conduct changes address NOCLAR, unpaid fees, loans, assisting clients with standards
Learn more about what these changes entail.
Can a CPA firm loan staff to an attest client?
Understand the changes to the AICPA Code of Professional Conduct’s independence rules relating to loaning staff to an attest client.
PEEC issues wide range of ethics guidance for CPAs
Ethics guidance changed this week for CPAs as a result of new interpretations and revised interpretations issued by the AICPA Professional Ethics Executive Committee.
PEEC delays interpretation, adopts temporary policy statement
The effective date of the “Information Systems Services” interpretation has been further delayed by the AICPA Professional Ethics Executive Committee, which also issued a temporary policy statement related to employment statutes that may conflict with independence interpretations.
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