Revisions to the Code of Professional Conduct
On October 7, 2011, the AICPA Professional Ethics Executive Committee [PEEC] released some revisions to the AICPA Code of Professional Conduct
Published on December 07, 2011
AICPA Code of Professional Conduct PEEC Approves Significant Revisions
The Professional Ethics Executive Committee [PEEC] approved the adoption of the revised AICPA Code of Professional Conduct. PEEC restructured and codified the Code so that users can apply the rules and reach correct conclusions more easily and intuitively...
Published on January 28, 2014
Engagement Letter Indemnification Clauses
Building on the requirements associated with audits of many types of regulatory entities, the Professional Ethics Executive Committee [PEEC] has issued new interpretive guidance associated with using [where use is prohibited] indemnification/limitation wording in agreements to perform audit and other attest services
Published on June 25, 2008
Code of Professional Conduct Big Changes on the Horizon
In June, the AICPA released the revised Code of Professional Conduct [AICPA Code]. PEEC has restructured the AICPA Code so that members and other users can apply the rules and reach correct conclusions more easily and intuitively...
Published on June 18, 2014
Independence & Ethics Alert Addressing Some Current Issues
On an annual basis, the AICPA releases a variety of audit risk alerts that address specific issues that need to be addressed by practitioners when they are performing financial statement audits.
Published on September 28, 2011
Independence Requirements PEEC Revises Guidance
The AICPA Professional Ethics Executive Committee [PEEC] has issued revised guidance that needs to be understood in order for practitioners to comply with requirements under Code of Professional Conduct Rule 101, entitled Independence
Published on May 12, 2010
New Independence Guidance Cumulative Effect of Multiple Nonattest Services
On August 13, 2013, the AICPA Professional Ethics Executive Committee [PEEC] voted to finalize amended guidance associated with implementing Interpretation 101-3
Published on September 25, 2013
Employee Benefit Plan Audits Applying Independence Rules to Affiliates
In certain situations, in addition to evaluating independence issues related to attest clients, practitioners also need to evaluate whether they are independent with respect to affiliate entities
Published on October 09, 2013
ARSC Issues Three Proposed SSARSs Changing the Landscape of Compilation Engagements
The Accounting and Review Services Committee issued an exposure draft containing three proposed Statements on Standards for Accounting and Review Services [SSARSs] that, if adopted in final form as proposed, will change the landscape of how compilation engagements are considered, performed, and reported on.
Published on October 24, 2013
Ethics Interpretation No. 101-17 Considering Networks and Network Firms
In many circumstances, to enhance their capabilities to provide professional services, CPA firms join groups of firms which typically are membership associations that are separate legal entities that are otherwise unrelated to the association member firms.
Published on September 28, 2011