The Professional Ethics Executive Committee (PEEC) is proposing revisions to the “Executive or Employee Recruiting” interpretation. The revisions address potential threats to independence when members perform recruiting services for attest clients.
Comments are due September 10, 2024.
PEEC welcomes all feedback on the proposal and has these specific questions for AICPA members and other interested parties:
Do you agree with the addition of the familiarity and undue influence threats when evaluating recruiting services for independence?
Do you agree with the proposal to prohibit some services for key positions but allow them for non-key positions?
Do you agree with the addition of examples of services that may be provided by members without impairing independence?.
Do you think there are any positions at an attest client for which the member should not advise on candidate competence?
Do you agree with the proposal to prohibit members from negotiating on behalf of an attest client for all positions?
Do you agree that the recommended effective date of January 1, 2026, provides adequate time to implement the proposals?