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
Changes to the Auditors Risk Assessment in Light of the Updated COSO Internal Control Framework
Many auditors will need to reconsider or change their risk assessment procedures in light of the updated COSO Internal Control Framework.
Published on December 17, 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
Controversy Over the Applicability of the Disclosure Requirement of Open Tax Years Unintended Consequences and Lessons f...
This report covers the applicability of a seemingly benign, but ambiguous, disclosure requirement of FIN 48 to provide a description of tax years open to examination.
Published on March 18, 2015
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
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
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
The CPEA Revenue Recognition Series- Part IV Fortune Favors the Prepared
In Part 4 of our revenue recognition series, we cover licenses and distinguishing between a right to access IP over a license period versus a right to use IP at a point in time.
Published on April 22, 2015