AICPA Professional Ethics Executive Committee: Proposed Revisions Related to Simultaneous Employment or Association with an Attest Client

Published: Mar 18, 2025

The TXCPA Professional Standards Committee (PSC) supports the AICPA Professional Ethics Executive Committee’s proposed revisions on simultaneous employment with an attest client but recommends clarifications.

PEEC

(February 21, 2025) - The Texas Society of CPAs’ Professional Standards Committee (PSC) supports the AICPA Professional Ethics Executive Committee's proposed revisions on simultaneous employment with an attest client but recommends clarifications. They suggest specifying the distinction between the "period of professional engagement" and the "period covered by the financial statements" with examples. Additionally, they seek guidance on defining inadvertent breaches and the required timeline for addressing them.

View request for comment | View TXCPA PSC comment letter

 

 

 

Topics:

You May be Interested in

  • Time Sensitive Communication with the IRS
    The TXCPA Federal Tax Policy Committee expressed concern to the IRS about delays in the processing of time-sensitive taxpayer correspondence, often due to both postal service slowdowns and inefficiencies within the IRS.
  • Pass-through Entity Tax
    Proposed federal tax legislation could significantly raise taxes on millions of small and mid-sized businesses by eliminating the deductibility of Pass-through Entity Taxes (PTET).
  • CPA Mobility Becomes Law
    This important legislation modernizes CPA practice mobility in Texas, reflecting the evolving landscape of licensure across the country.
More News

Support the Next Generation

Donate to TXCPA scholarships and help aspiring accountants achieve their goals.

Scholarships