Ethics Revised Exposure Draft: Unpaid Fees

by WSCPA | Oct 05, 2021

A&A Today: Presented by the WSCPA and Galasso Learning Solutions

The AICPA's Professional Ethics Executive Committee (PEEC) has issued a proposal to revise the rules around unpaid fees. The current rules use a one-year period with no considerations of materiality. The proposal would move to a principles-based approach with a threats and safeguards application. Comments are due December 20, 2021.

Do you agree with the move toward a principles-based approach?

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Melisa Galasso headshotWith over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.

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