| |
| |
|
|
|
| |
 |
New Ethics Proposed Interpretations |
|
| |
Dear Financial Leader,
The Professional Ethics Executive Committee has issued an exposure draft with three new proposed ethics interpretations and one new proposed definition that apply to members in business and industry. I want to inform you about these provisions so that you will have an opportunity to participate in the official comment period.
The full exposure draft, dated April 4, 2011, contains three new proposed ethics interpretations under Rule 501, Acts Discreditable, of the AICPA Code of Professional Conduct and one new proposed definition under ET section 92, Definitions (AICPA, Professional Standards). As provided in the proposed definition, a member in business and industry would include members employed or engaged on a contractual basis or volunteer basis in an executive, staff, or administrative capacity in such areas as industry, the public sector, education, the not-for-profit sector, regulatory bodies, or professional bodies.
Comments should be addressed to Lisa A. Snyder, Director AICPA Professional Ethics Division at lsnyder@aicpa.org by June 5, 2011.
The AICPA works diligently on behalf of our profession and we will continue to keep you informed through email, articles and our BusIndNews newsletter. You also can find out more about this and other important information affecting our profession in the Journal of Accountancy, AICPA News Update and CPA Letter Daily.
Sincerely,
Carol Scott, CPA, MBA
Vice President - Business, Industry & Government
American Institute of Certified Public Accountants
|
|
|
|