peec

Listen as Toni Lee-Andrews and staff of the Professional Ethics Division give an overview of the Professional Ethics Executive Committee's 3rd quarter meeting. Topics include updates on  information systems services and noncompliance with laws and regulations.

Check out the Online Ethics Library. If you don't have the link handy, just type aicpa.org/ethicslibrary into the address field of your browser.

For more details about the meeting, see meeting minutes and agendas. Minutes for this meeting should be available soon.

You can also register to attend future PEEC meetings. Get free CPE while staying current with what's happening in ethics both at home and abroad.

If you have comments on this episode or if you'd like to suggest ideas for future episodes, email us at ethicallyspeaking@aicpa.org.

Toni Lee-Andrews and staff of the Professional Ethics Division give an overview of the Professional Ethics Executive Committee's 2nd quarter meeting. Topics include compliance audits, unpaid fees, client confidentiality and data security, information systems services, and more.

For more details about the meeting, see meeting minutes and agendas. Minutes for this meeting should be available in June.

You can also register to attend future PEEC meetings. Get free CPE while staying current with what's happening in ethics both at home and abroad.

If you have comments on this episode or if you'd like to suggest ideas for future episodes, email us at ethicallyspeaking@aicpa.org.

Listen as ethics division staff give an update on PEEC’s meeting. The committee approved several changes to the Code of Professional conduct in the following areas:

• Noncompliance with laws and regulations
• Unpaid fees
• Assisting clients with implementing accounting standards
• Loans, acquisitions, and other transactions

Visit PEEC’s project page for documents related to all of these and expect to see the final pronouncements on that page soon.

Other projects

There are lot of other updates as well, and here’s a list of projects mentioned in the episode:

• Practice aid: Independence considerations for information system services
• Quiz: Ethical standards to consider when accepting or continuing an attest engagementin the Journal of Accountancy
• 2021 Plain English Guide to Independence
• Q&A related to applying the affiliate definition and client affiliates interpretation to individuals (FAQs: General ethics)

Acronyms mentioned in this episode

We slipped some acros in without explanation, so in case you're wondering, here's a list of those:

• USERRA – Uniformed Services Employment and Reemployment Rights Act
• SSAE – Statements on Standards for Attestation Engagements
• IESBA – International Ethics Standards Board for Accountants
• ISQM – International Standards for Quality Management
• PIOB – Public Interest Oversight Board
• IFAC – International Federation of Accountants

If you have comments or ideas for future episodes, email us at ethicallyspeaking@aicpa.org

The 2 economies, the one we hear the media talk about that we fear and the one that we control. Which one are you obsessing about?

Goals - for 2021, lets pick permanent financial freedom.

Three steps:

1. Detailed Vision, specific numbers with the X factor

2. What price will I pay and what will I not to pay to get there?

3. Do I have the skills and if some are missing, how do you get them?

+ Am I delusional?

Seasons to everything, being present in the season you're is where joy lives

A P.E.E.C. life requires the right environment. 13 days ago I realized the urban environment I was living in was getting more dangerous and my level of anxiety was increasing as more shootings were happening within 3 miles of my home and burglaries were exploding. 

My mission help break 1,000,000 free from financial bondage was being compromised. How to fix this? Decide on the right environment and move. From decision to moving truck - 6 days.

Plus my friend Dr. Tom Burns' book Rich Doctor is coming!

Outgoing PEEC chair Sam Burke, division director Toni Lee-Andrews, and various task force leaders discuss the "State and Local Government Client Affiliates" and "Information System Services" interpretations as well as other key happenings at PEEC’s open meeting on May 15.