Ep. 37: PEEC's 1Q 2022 meeting — Approval of changes to the Code of Professional Conduct
Ethically Speaking · AICPA & CIMA
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Listen as ethics division staff give an update on PEEC's meeting. The committee approved several changes to the Code of Professional conduct in the following areas:
- Noncompliance with laws and regulations
- Unpaid fees
- Assisting clients with implementing accounting standards
- Loans, acquisitions, and other transactions
Visit PEEC's project page for documents related to all of these and expect to see the final pronouncements on that page soon.
Other projects
There are lot of other updates as well, and here's a list of projects mentioned in the episode:
- Practice aid: Independence considerations for information system services
- Quiz: Ethical standards to consider when accepting or continuing an attest engagementin the Journal of Accountancy
- 2021 Plain English Guide to Independence
- Q&A related to applying the affiliate definition and client affiliates interpretation to individuals (FAQs: General ethics)
Acronyms mentioned in this episode
We slipped some acros in without explanation, so in case you're wondering, here's a list of those:
- USERRA – Uniformed Services Employment and Reemployment Rights Act
- SSAE – Statements on Standards for Attestation Engagements
- IESBA – International Ethics Standards Board for Accountants
- ISQM – International Standards for Quality Management
- PIOB – Public Interest Oversight Board
- IFAC – International Federation of Accountants
If you have comments or ideas for future episodes, email us at [email protected]