AICPA PEEC's Proposed Revised Interpretation: Tax Services

Published: Nov 21, 2025

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.

Topics:

You May be Interested in

  • Risk Alert: New Post Office Rule Affects (Delays) Postmark Date for First Class Mail
    At the end of 2025, the U.S. Postal Service rolled out Rule 608.11 and it’s a game-changer. First Class mail is now postmarked when it is processed at a regional center, which could be days later. A delayed postmark could mean late filings, penalties, interest, or even missed claims. Savvy practitioners are taking steps to ensure enhanced proof of timely mailing.
  • California Penalty Abatement – There May be Hope Yet
    California’s Franchise Tax Board offers several options for penalty relief that can help taxpayers avoid unnecessary costs. This article highlights practical abatement options that can help CPAs reduce or eliminate penalties for California residents and nonresidents.
  • For Many, RMDs from Inherited IRAs Must Start by Dec. 31, 2025
    Inherited an IRA? New IRS final regulations issued July 18, 2024, end years of delays and require many beneficiaries to take required minimum distributions—or face a 25% penalty. Learn who’s affected and what to do.
More News

Support the Next Generation

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

Scholarships