Ethics news and resources - Journal of Accountancy

TOPICS

March 22, 2021

Ethics considerations for assisting clients with PPP documents

A special crossover episode of the podcast delves into ethical concerns related to assisting clients with PPP loan and forgiveness applications.

March 10, 2021

PEEC addresses ‘Records Requests,’ limits on loaning staff to attest clients

The AICPA Professional Ethics Executive Committee issued an amendment that clarifies the responsibilities of AICPA members responding to client requests for client-provided records. PEEC also limited firms’ ability to loan staff to attest clients.

February 25, 2021

New proposals would provide guidance on CPAs’ NOCLAR duties

Complementary proposals by the AICPA Professional Ethics Executive Committee and the AICPA Auditing Standards Board would provide guidance for CPAs on their responsibilities related to noncompliance with laws and regulations.

January 12, 2021

PEEC reviewing AICPA Code in response to new SEC independence rules

The AICPA Professional Ethics Executive Committee is evaluating whether the AICPA Code of Professional Conduct needs to be revised in light of new SEC rules related to auditor independence requirements.

October 29, 2020

Companies seek ways to report diversity progress

Investors are looking for actions that back up statements about equity.

September 22, 2020

AICPA ethics proposal would limit firms’ loaning of staff to attest clients

CPA firms’ ability to loan staff to attest clients would be limited to rare circumstances under a newly proposed AICPA ethics interpretation.

September 21, 2020

Cannabis and CPAs: The business opportunities and risks

A growing opportunity for CPAs exists in cannabis-related business advising. Along with that comes risk on several fronts.

August 26, 2020

Records-request duties clarified in AICPA ethics proposal

AICPA members’ responsibilities when responding to client requests for client-provided records would be clarified under a proposal issued by the AICPA Professional Ethics Executive Committee that would amend the “Records Requests” interpretation in the AICPA Code of Professional Conduct.

May 6, 2020

Effective dates extended for 3 AICPA ethics interpretations

As a result of the coronavirus pandemic, the AICPA Professional Ethics Executive Committee voted to extend by one year the effective dates of AICPA ethics interpretations on information systems services, state and local government client affiliates and leases.

April 22, 2020

Effective dates of 3 AICPA ethics interpretations may be delayed

The AICPA Professional Ethics Division staff is proposing a one-year delay in ethics interpretations on “Information Systems Services,” “State and Local Government Client Affiliates” and “Leases.”

December 13, 2019

How auditors can stay independent while advising on revenue recognition

Some private company clients are having difficulty implementing FASB’s revenue recognition standard. CPAs who audit those clients’ financial statements need to proceed carefully to maintain their independence.

December 1, 2019

Independence and information systems services

A recently issued independence interpretation contains guidance for CPAs’ interactions with attest clients’ information systems.

November 1, 2019

A framework for maintaining ethics compliance

The “Conceptual Framework for Members in Public Practice” provides useful guidance for situations that are not explicitly addressed by the AICPA Code of Professional Conduct.

October 1, 2019

‘Hosting Services’ tips

A new ethics interpretation gives CPAs guidance on preserving their independence with attest clients.

August 1, 2019

PEEC updates 2 ethics interpretations

The changes affect specific independence issues.

July 24, 2019

Comply with the newly effective ‘Hosting Services’ interpretation

An AICPA ethics interpretation on hosting services addresses how CPAs can maintain their independence. The interpretation took effect July 1.

June 12, 2019

PEEC updates 2 ethics interpretations

The AICPA Professional Ethics Executive Committee (PEEC) has issued revised ethics interpretations addressing state and local government client affiliates and provision of information system services to attest clients.

March 1, 2019

PEEC issues new and revised interpretations

The AICPA Professional Ethics Executive Committee has adopted revised interpretations of the “Independence Rule” related to leases and client affiliates and a new interpretation under the “Confidential Client Information Rule” of the AICPA Code of Professional Conduct.

March 1, 2019

PEEC issues new and revised interpretations

Confidential client information and independence were addressed.

February 11, 2019

Are you really able to use the term CPA?

If your CPA license is inactive, expired, or was issued in a state other than the one where you live or work, you may not be able to use “CPA” alongside your name.