A new exposure draft from the Professional Ethics Executive Committee has potential implications for all CPAs. Read on …
The PEEC has proposed a new Interpretation 102-7, “Other Considerations: Meeting the Objectives of the Fundamental Principles.” The interpretation is part of Rule 102, “Integrity and Objectivity,” of the AICPA’s Code of Professional Conduct.
The PEEC has also proposed a new “Framework for Meeting the Objectives of the Fundamental Principles,” which is related to Interpretation 102-7. “The proposed framework provides guidance to members when faced with making decisions on ethical matters that are not explicitly addressed by the Code of Professional Conduct,” says the AICPA, “and (it) applies to all members — members in public practice as well as those not in public practice (including members in business and industry, government and education).”
Read the exposure draft in its entirety, then make sure to submit your comments before the Aug. 15 deadline.
You’ll also find more ethics-related resources here.