The AICPA has announced updates to its statements on standards for tax services (SSTSs) that focus on data protection, technology and client representation.
SSTSs serve as the ethical framework for tax professionals and are enforceable tax standards for AICPA members. The institute updated the standards to keep pace with the evolving tax profession.
The AICPA’s Tax Executive Committee reviewed and adopted the changes on May 18. Those standards will now go into effect on Jan. 1, 2024.
The revised tax standards include a new structure to organize SSTSs by the type of work performed as well as three new standards on data protection, reliance on technology tools and representation of clients before taxing authorities.