AICPA Ethics Codification Project 

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.

The Proposed Revised AICPA Code of Professional Conduct will be exposed for comment on April 15, 2013.  Comments on the Exposure Draft will be accepted until August 15, 2013.    The Ethics Codification Video will provide you with an understanding of how to navigate the proposed new Code of Professional Conduct.

Before PEEC exposed the restructured Code for public comment the content was pilot tested with a group of users.  The following table provides information about the pilot testing process as well as other materials you may find helpful in understanding the project.