AICPA PEEC's Proposed Revised Interpretation: Tax Services

The TXCPA Professional Standards Committee sent comments supporting PEEC’s revised Tax Services interpretation. The updated proposal replaces the MLTN threshold with a more flexible, principles-based approach.

The TXCPA Professional Standards Committee sent feedback to the AICPA’s Professional Ethics Executive Committee (PEEC) on its revised Tax Services interpretation - part of PEEC’s broader effort to align U.S. ethics guidance with IESBA standards. The updated proposal removes the earlier “more likely than not” threshold in favor of a principles-based framework that better balances service to attest clients with the need to maintain independence. The PSC strongly supports PEEC’s decision to revise the original proposal.

Read the revised Exposure Draft here. View TXCPA PSC comment letter here.

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