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.
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Ethics
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.
Companies seek ways to report diversity progress
Investors are looking for actions that back up statements about equity.
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.
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.
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.
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.
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.”
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.
Independence and information systems services
A recently issued independence interpretation contains guidance for CPAs’ interactions with attest clients’ information systems.
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.
‘Hosting Services’ tips
A new ethics interpretation gives CPAs guidance on preserving their independence with attest clients.
PEEC updates 2 ethics interpretations
The changes affect specific independence issues.
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.
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.
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.
PEEC issues new and revised interpretations
Confidential client information and independence were addressed.
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.
A new take on ethics and independence
A recently issued international code of ethics for professional accountants emphasizes compliance with fundamental principles, independence, and application of the conceptual framework to address threats to compliance.
New effective date for ethics interpretation on hosting services
The AICPA also issued two technical corrections to address typographical errors.
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