AICPA PEEC: Revised Interpretation Tax Services

Published: Sep 9, 2024

TXCPA’s Professional Standards Committee supports revising the “Tax Services” interpretation to cover advisory and planning but opposes adding an advocacy threat, stressing such tax services don’t impair independence.

    The proposal is part of the AICPA’s Professional Ethics Executive Committee (PEEC) project to harmonize with ethics standards promulgated by the International Ethics Standards Board for Accountants (IESBA). The TXCPA Professional Standards Committee (PSC) agrees with the proposal to revise the existing “Tax Services” interpretation to include tax advisory and tax planning services. However, the PSC does not agree with the addition of the advocacy threat when evaluating tax services for independence. The PSC does not believe that members performing tax services, such as tax return preparation, representation in administrative proceedings and representation in court services to an attest client, would compromise a member’s independence.


    Read the full comment here. View TXCPA PSC comment letter here.

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