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.
Code of Professional Conduct
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.
The AICPA Code of Professional Conduct requires CPA firms to identify all their financial statement attest client affiliates.
Learn more about what these changes entail.
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.
The AICPA Professional Ethics Executive Committee issued a proposal Tuesday that addresses provisions in the recently amended SEC independence rules.
The AICPA Professional Ethics Executive Committee published two exposure drafts on the issues of unpaid fees and accounting standards implementation services for attest clients.
The director of the AICPA’s Professional Ethics Division explains the focus of three upcoming ethics exposure drafts and how the comment process has gotten easier.
This column provides a one-stop guide for common professional liability risk management questions and the resources to help answer them.
Proposals by the AICPA Professional Ethics Executive Committee and the AICPA Auditing Standards Board are designed to guide CPAs when they identify or suspect a client’s or employer’s noncompliance with laws or regulations.
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.
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.
Confidential client information and independence were addressed.
Even CPAs who are well-versed in the AICPA Code of Professional Conduct sometimes have questions about how it should be applied.
The revised AICPA Code of Professional Conduct is accessible on a dynamic electronic platform that allows users to conduct basic and advanced searches, and boasts many other features. Get ready for the revised code’s effective date, Dec. 15, 2014, by trying to answer these questions with the new platform at pub.aicpa.org/codeofconduct.
The revised AICPA Code of Professional Conduct is accessible on a dynamic electronic platform that allows users to conduct and save basic and advanced searches. The platform includes features such as pop-ups for defined terms, the ability to create and name bookmarks, and create and save notes, as well as hyperlinking to content in the code and to external nonauthoritative material issued by staff of the Ethics Division.
If all goes as planned, a revised AICPA Code of Professional Conduct will be adopted by the Professional Ethics Executive Committee at its Jan. 28–29 meeting. In stark contrast to today’s code, the reformatted ethics code is intuitively organized. It separates the guidance by line of business, then by topic, and topics are further broken down as necessary into subtopics and sections. In addition, a number of substantive changes were made to existing guidance.
Ethical decisions often need to be reached quickly, but the AICPA’s Code of Professional Conduct (ethics code) is not structured for quick and easy navigation. A proposed reformatted ethics code is meant to change that. AICPA members are invited to comment on the proposal until Aug. 15. The current ethics
The AICPA Code of Professional Conduct (AICPA Professional Standards) is an ever-evolving document. Periodically, the JofA publishes answers from AICPA Professional Ethics Division staff to questions asked by AICPA members via the Institute’s Ethics Hotline or on topics related to revisions to the code. This set of questions and answers