PEEC released for comment proposed changes to the AICPA Code of Professional Conduct related to engagements subject to the AICPA Statements on Standards for Attestation Engagements.
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Ethics
Professional liability Q&A: AI disclosure, retired-partner risk, and more
An author of the JofA’s Professional Liability Spotlight column explains why the answer to the question “Should I disclose my use of generative AI to clients?” isn’t simple. Listen to the podcast episode or read the Q&A.
AICPA seeks feedback on independence rules related to private equity
In response to increasing private-equity investment in accounting firms, a Professional Ethics Executive Committee (PEEC) task force has issued a discussion memorandum related to independence rules in the AICPA Code of Professional Conduct.
PEEC releases final revised guidance for Sec. 529 plans
The revisions focus on monitoring challenges and independence threats related to an account owner’s financial interest in Sec. 529 plans.
AICPA ethics committee corrects authoritative guidance
The Professional Ethics Executive Committee updated a list of examples related to meeting independence standards when providing recruiting services for attest clients.
PEEC issues recruiting guidance, exposure draft on simultaneous employment
The Professional Ethics Executive Committee’s guidance is related to recruiting services for attest clients, and the exposure draft includes a new definition and interpretation of simultaneous employment or association.
Analysis, clarity, and a quiz: A preview of the National Tax Conference
Two tax experts detail sessions of note and what practitioners can gain from the event in mid-November in Washington. Listen to the episode or read the Q&A.
PEEC releases ethics exposure draft for Sec. 529 plans
The proposed revisions relate to monitoring challenges and independence threats related to an account owner’s direct financial interest in Sec. 529 plans.
A&A Focus recap: The ethics of using AI in an audit
The July installment of the monthly newscast series also featured a look at the recently released ACFE Report to the Nations, and the first in a series of conversations about revenue recognition and digital assets.
PEEC releases exposure drafts on recruiting and tax services
The proposed changes to several interpretations were identified to keep the AICPA Code of Professional Conduct “fit for purpose.”
PEEC releases new ethics guidance related to public interest entities
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.
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.
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