The AICPA Professional Ethics Executive Committee (PEEC) has released new ethics guidance related to recruiting services for attest clients.
The committee also released an exposure draft related to simultaneous employment with an attest client.
The revised interpretation of "Executive or Employee Recruiting" will affect independence for members in public practice.
To ensure independence, protect the public and align with international standards, the revised AICPA guidance includes new prohibitions when a member is performing recruiting services for a key position for an attest client.
The extant interpretation "Simultaneous Employment or Association With an Attest Client" became part of the AICPA Code of Professional Conduct more than 20 years ago, before the advent of the gig economy.
To keep pace with current work practices, PEEC revisited the guidance as part of its most recent strategy and work plan. Read more about the new guidance and exposure draft.