AICPA Ethics Rules Proposal

December 10, 2015 RECENT DEVELOPMENTS

The AICPA recently issued an omnibus ethics proposal that would provide requirements for situations in which a member’s practice is sold, transferred or discontinued (i.e. files transfer, return of client records, and confidentiality) and require disclosure of permissible commission and referral fee arrangements be provided in writing. Comments are due May 16, 2016.