The AICPA Professional Ethics Executive Committee (PEEC) recently released two new proposals to update the AICPA Code of Professional Conduct.
One proposal includes new or revised definitions and interpretations related to independence during compliance audit engagements. The deadline for commenting on the proposed revisions is Sept. 1, 2022.
The other proposal addresses updates to several interpretations related to officers, directors and beneficial owners of loans. The deadline for commenting on these proposed revisions is July 5, 2022.
The PEEC will accept comments about both proposed updates by email at ethics-exposuredraft@aicpa.org or through this online form.