Recent guidance from the AICPA’s Professional Ethics Executive Committee (PEEC) in the AICPA Code of Professional Conduct adds a new interpretation that includes a reporting requirement triggered by a member’s intent to accept an attest client’s offer of employment.
The new guidance includes a new definition of “simultaneously employed or associated” and a new interpretation for “simultaneously employed or associated with an attest client.”
The new interpretation prohibits covered members from any simultaneous employment or association with an attest client and prevents any partner or professional employee from holding a key position at an attest client.
The new guidance, effective Sept. 15, 2026, includes some exceptions for independent contractors and specific situations.
The previous version of the interpretation became part of the AICPA Code of Professional Conduct more than 20 years ago, before the advent of the gig economy. Read more.