Exploring Evolving Independence Standards – The AICPA’s Discussion Memorandum on APS and Private Equity
Author: Jaclyn Veno, CPA This article originally appeared in the Spring 2025 issue of the South Carolina CPA Report In March 2025, the Professional Ethics Executive Committee (PEEC) of the AICPA issued a groundbreaking Discussion Memorandum addressing a topic of mounting significance: independence in Alternative Practice Structures (APS), particularly those involving Private Equity (PE) investment. This memorandum …