On March 15, 2023, the AICPA’s Professional Ethics Executive Committee (PEEC) issued an exposure draft relating to fees. The exposure draft includes new interpretations for determining fees for an attest engagement and new fee dependency interpretations, as well as a revised conceptual framework for independence interpretation and revised client affiliates interpretation. Comments are due by June 15, 2023.
SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members.
Jaclyn Veno, CPA, holds both a bachelor’s and a master’s degree in accounting from Clemson University. Before joining Galasso Learning Solutions, she has held previous positions in auditing with two top 10 CPA firms. Jaclyn has extensive experience developing both staff and interns including with working with overseas staff. She recently earned an Adult Learning Certificate and Instructional Design Certificate from the Association for Talent Development (ATD) and will be completing her Training & Facilitation Certificate this spring.
Do you believe the proposed new and revised interpretations related to fees will improve the accounting profession?
