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AICPA Seeks Public Comments on Ethics Code Updates

March 12, 2025

The AICPA’s Professional Ethics Executive Committee (PEEC) is requesting public feedback on a discussion memo regarding potential revisions to the Code of Professional Conduct related to independence in alternative practice structures (APS).

The memo outlines two proposed approaches to address independence considerations, both creating a three-step process to determine independence:

  1. Identify network firms
  2. Identify covered members
  3. Assess relationships and circumstances that could create independence threats and apply relevant standards

OSCPA members are encouraged to review the memo and provide feedback. Comments are due by June 15 and can be submitted to ethics-exposuredrafts@aicpa.org.

Learn more about the proposed changes in the AICPA’s press release.