PSC Comments on Proposed AICPA Code Revisions Addressing Alternative Practice Structures and Private Equity

Published: Apr 29, 2026

TXCPA’s Professional Standards Committee submitted comments to PEEC supporting proposed updates related to Alternative Practice Structures and private equity investment in accounting firms. The PSC recommended clarifications to independence requirements to improve practical understanding and promote consistent application across all attest services, including SSAE engagements.

The PSC submitted comments to PEEC in response to proposed revisions addressing Alternative Practice Structures and private equity investments in accounting firms. The committee expressed overall support for the proposed updates to the AICPA Code of Professional Conduct, recognizing their importance in responding to evolving firm ownership models and capital structures.

In its comments, the PSC offered recommendations aimed at clarifying auditor independence requirements, enhancing practical understanding for firms and practitioners, and reducing unintended consequences in implementation. The committee also emphasized the need for clear, principle-based guidance that promotes consistent interpretation and application across all attest services, including SSAE engagements, to ensure continued protection of the public interest while allowing firms to innovate responsibly.

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


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