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.
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Ethics
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.
AICPA addresses client confidentiality exception
The proposal would apply to third-party quality reviews.
Lessons learned from a multibillion-dollar fraud
Aaron Beam, the former CFO at HealthSouth, discusses his tenure at the company and offers advice for professionals about fraud.
Independence interpretation on hosting services gets new effective date
The effective date of the new “Hosting Services” interpretation in the AICPA’s “Independence Rule” has been extended 10 months by the AICPA Professional Ethics Executive Committee.
Tips for teaching accounting ethics
It can be hard to find room on your syllabus for ethics. But it’s still a crucial subject for accounting students to learn.
What the future of medical diagnostics could mean for CPAs
As diagnostics advance, more clients will have more information to include as part of the retirement plan.
New AICPA technical corrections clarify independence requirements
Technical corrections issued by the AICPA clarify the definition of “covered member” in the AICPA Professional Standards and the independence rules for agreed-upon procedure engagements under the Statements on Standards for Attestation Engagements.
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