The AICPA’s Professional Ethics Executive Committee (PEEC) restructured the Institute’s ethics standards to improve the AICPA Code of Professional Conduct (Code) so that members and others can apply the rules and reach correct conclusions more easily and intuitively.
To achieve this, PEEC restructured the Code into several parts each organized by topic, edited the Code using consistent drafting and style conventions, incorporated a conceptual framework for members in public practice and in business, revised certain Code provisions to reflect the "conceptual framework" approach (also known as the "threats and safeguard" approach) and where applicable, referenced existing non-authoritative guidance to the relevant topic.
In addition, a new dynamic online platform was developed to house the Code. This platform allows users to quickly navigate the code, conduct searches and also contains personalization features. The new Code is effective December 15, 2014 with early adoption encouraged.