The AICPA Professional Ethics Executive Committee (PEEC) approved changes to the Code of Professional Conduct related to attest client fees and ethical responsibilities for testing.
The approved revisions align the Code of Professional Conduct with international standards on attest client fees and help to clarify members’ ethical responsibilities when allowable collaboration for professional qualifications and competencies crosses the line into cheating.
The revisions related to fees will necessitate additional planning by AICPA members with attest clients.
The clarifications related to collaboration and cheating do not add responsibilities, but members will want to be aware of these changes, especially those who work in an environment with multiple generations who may have a different understanding of collaboration and cheating. See the changes.