On February 25, 2021, the AICPA Professional Ethics Executive Committee ("PEEC") issued a revised Exposure Draft (ED), Proposed interpretations and definition - Responding to Noncompliance with Laws and Regulations. Comments are requested by June 30, 2021. The new ED differs in several ways from the ED issued on March 10, 2017, as explained in the 2021 version.
Also on February 25, the AICPA Auditing Standards Board issued a complimentary ED, Proposed Statement on Auditing Standards (SAS) Inquiries of the Predecessor Auditor Regarding Fraud and Noncompliance with Laws and Regulations (NOCLAR), which would amend SAS No. 122 (section 210), Terms of Engagement. Comments are requested by June 30, 2021.
For more information on the PEEC's NOCLAR project, also see the Ethically Speaking Podcast debrief of the latest open meeting.