Ep. 29: Unpaid fees, staff augmentation, NOCLAR and more — PEEC’s 3Q meeting debrief

Aug 19, 2021

At this quarter’s meeting, the Professional Ethics Executive Committee agreed to issue five new Qs & As and three new ethics exposure drafts. The Auditing Standards Board has also issued exposure drafts on quality management and Ahava Goldman of the AICPA Audit and Attest team spoke about those at the meeting.

PEEC discussed several other standards-setting and member enrichment projects as well. Listen as Toni Lee-Andrews, AICPA Professional Ethics Division Director, and staff discuss these projects:

• SEC convergence (exposure draft)
• IESBA and IFAC convergence
• Unpaid fees (exposure draft)
• Assisting attest clients with implementing accounting standards (exposure draft)
• Information systems services practice aid
• Compliance audits
• Staff augmentation Qs & As
• NOCLAR interpretation
• Statements on Standards for Tax Services
• Quality management
• Member enrichment

To see the quality management exposure drafts, visit the AICPA Accounting and Auditing website.

You’ll also find links there to several supporting documents, including this video explaining the project.

PEEC’s next meeting is November 16, 2021 and we’d love you to register and join us.

Keep an eye on this page for links to the three ethics exposure drafts and the Qs & As as we publish them.

If you have questions about the substantive content of this episode, please call the ethics hotline at 888.777.7077 (option 2, then option 3) or email [e-mail].

If you’d like to suggest topics for future episodes, please email [e-mail].