AICPA Requests Feedback on Revisions to Code of Professional Conduct

The AICPA Professional Ethics Executive Committee (PEEC) has issued an exposure draft (ED), Proposed Revised Interpretations and Definition Loans, Acquisitions, and Other Transactions. The ED requests feedback on revisions the PEEC made to the AICPA Code of Professional Conduct to address changes made in the SEC’s amendments to the auditor independence requirements in Regulation S-X, Rule 2-01, “Qualifications of Accountants.” Comments on the ED are due by January 5, 2022.