Ep. 59: Can software patches for your clients impair independence?
Release Date: 09/02/2022
Ep. 69: PEEC's 1Q 2024 meeting: AI, private equity, and more
Ethically Speaking
Listen as Toni Lee-Andrews and staff of the AICPA Professional Ethics Division fill you in on what happened at this quarter's open meeting. You can find the full meeting agenda . Topics include: Section 529 plans Private equity investment in firms Artificial intelligence Simultaneous employment Engagements subject to the SSAEs IESBA monitoring and international harmonization If you're interested in IESBA's webinars on their sustainability exposure draft, you can read more about that and register here.
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Ep. 68: PEEC's 4Q 2023 meeting: Updates on national and international ethics projects
Ethically Speaking
If you were unable to observe PEEC's 4Q meeting, you can listen to an overview from Toni Lee-Andrews and staff of the Professional Ethics Division. The 2-day meeting was packed with project updates and included PEEC's approval of changes to the Code of Professional Conduct related to public interest entities. IESBA sustainability If you're a practitioner working in sustainability you'll want to pay close attention to IESBA's work in this area. They are planning to issue 2 exposure drafts in Q1 2024 related to sustainability and the use of experts. If adopted, these proposals could...
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Ep. 67: PEEC's 3Q meeting: AI, sustainability, changes to the code and more
Ethically Speaking
Did you miss this week's meeting of the Professional Ethics Executive Committee? Not to worry. You can catch the highlights here with Toni Lee-Andrews, director of the AICPA Professional Ethics Division and other staff. You'll hear mention of beneficial ownership information reporting and you can check out resources for that . In the coming weeks, detailed meeting minutes will be available . Don't forget: We offer free CPE when you observe PEEC meetings. for the November meeting.
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Ep. 66: PEEC's 2Q 2023 meeting — Digital assets, public interest entities, and more
Ethically Speaking
Listen as Toni Lee-Andrews, director of the AICPA Professional Ethics Division, and staff give you the highlights of this quarter's meeting of the Professional Ethics Executive Committee. Discussions include international convergence efforts, new proposed guidance on public interest entities, and simultaneous employment. You'll hear about outreach the division is conducting on simultaneous employment and if you'd like to participate in a survey or upcoming round table, email .
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Ep. 65: PEEC's 1Q 2023 meeting — Proposed updates to the Code of Professional Conduct
Ethically Speaking
We love it when you're able to join us for meetings... but when you can't, we're happy to give you the highlights. Listen as AICPA Professional Ethics Division staff fill you in on all the projects the Professional Ethics Executive Committee is currently working on. Did you know we offer free CPE credits when you observe PEEC meetings? What a great way to get a few credits and stay current with PEEC's activities! for upcoming meetings. Resources mentioned in this episode
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Ep. 64: PEEC's 4Q meeting debrief: NOCLAR, private equity in firms, compliance audits and more
Ethically Speaking
We love it when you're able to join us for meetings... but when you can't, we're happy to give you the highlights. Listen as AICPA Professional Ethics Division staff fill you in on all the projects the Professional Ethics Executive Committee is working on. (00:55) Upcoming meetings (01:35) Compliance audits (03:10) Convergence on the fees with IESBA (International Ethics Standards Board for Accountants) (04:15) Convergence on engagement quality reviewer with IESBA (04:50) Simultaneous employment (05:35) NOCLAR...
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Ep. 63: Mind over bright lines — Tools for thinking outside the box
Ethically Speaking
The busier we get, the more we tend to rely on bright lines to help us navigate the world around us. Easy rules to make work simpler. But as trusted advisers in a profession the public relies on, easy rules don’t always cut it for accountants. Sometimes, as Sarah Brack, CPA, says in this episode, you have to use that big brain in extraordinary ways. As our profession transitions from a rules-based approach to a more principles-based approach, the AICPA is here to help. Listen as we discuss the zeitgeist, the changing profession, and the help you can find in our ethics library when you need...
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Ep. 62: Hot on the hotline — ERC mills? That's a thing? And can I send my clients to them for a fee?
Ethically Speaking
Winter is coming... Are you overwhelmed with clients asking you to amend their 941s? And are you getting calls from businesses offering to help you out for a fee? In this episode, Joan Farris and John Wiley, two CPAs on staff in the AICPA Professional Ethics Division, talk through some questions we’re getting on the hotline. What’s legit and what isn’t, what could put you at risk, not just of violating various codes of conduct, but of being the subject of a lawsuit when all is said and done? You’ll want to listen in and check out the following resources. AICPA resources Take a...
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Ep. 61: Are you violating the ethics code without even realizing it?
Ethically Speaking
You’re busy. Crazy busy — serving your clients, volunteering, taking care of your family and friends, and somewhere in all that, hopefully finding time for yourself. With everything else on your mind daily, you may not know the finer points of your ethical obligations when a client requests records from you. Jennifer Clayton, CPA, and John Wiley, CPA, come to the rescue in this episode where we cover some dos and don’ts and examples, and give a high-level overview of records requests to point you in the right direction. Just knowing that the AICPA Code of Professional Conduct (and indeed...
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Ep. 60: Update to DOL independence guidance is great news for auditors
Ethically Speaking
Eagerly awaited changes to the DOL independence guidance for employee benefit plans are live in the Federal Register today. Listen as Summer Young, CPA, currently a senior manager in the AICPA Professional Ethics Division and formerly a practicing EBP auditor, walks us through the history and changes. Keep an eye on the for helpful guidance we'll be publishing and also be sure to check out the AICPA . DOL resources
info_outlinePatches and the "discrete tool" exception... Important concepts when considering whether the help you're giving a client will impair your independence.
In this episode, Liese Faircloth and Iryna Klepcha, two CPAs on staff in the AICPA Professional Ethics Division, continue their discussion with Dan O'Daly, a managing director in Deloitte's independence office, about changes to the Code of Professional Conduct related to technology.
If you missed the first two parts of this discussion, look for episodes 57 and 58.
Related resources
- Information Systems Services interpretation
- ISS practice aid
- Nonauthoritative questions and answers regarding cybersecurity services
- Nonauthoritative questions and answers regarding information systems
- Internal Audit interpretation
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