The Professional Ethics Executive Committee (PEEC) plays a pivotal role in shaping the ethical framework within which CPAs operate. By discussing ethics interpretations and acknowledging the evolving needs of the public and the profession, PEEC ensures that AICPA standards remain robust and relevant.
As a senior committee of the AICPA, PEEC interprets and enforces the AICPA Code of Professional Conduct. The committee’s process includes deliberating in meetings that are open to the public, issuing public exposure drafts of the proposed standards, and securing a formal vote.
A key function of the Professional Ethics Executive Committee is to monitor changes in practice and the needs of the public to revise the Code of Professional Conduct, as needed.
The AICPA issues exposure drafts to invite public comment before a final pronouncement is issued. The public exposure time varies depending on the complexity of the issue and the circumstances surrounding the need for a new or revised standard. Once adopted, the standard becomes effective on the last day of the month that a notice appears in the Journal of Accountancy, unless stated otherwise.
You are invited to engage with us and contribute to shaping ethics standards. Your voice matters in our continuous pursuit of excellence. Discover more about the Professional Ethics Executive Committee, the AICPA's commitment to ethical standards, and how you can contribute to this essential dialogue.