In July 2026, the AICPA Professional Ethics Executive Committee (PEEC) issued revisions to the “Tax Services” interpretation (ET sec. 1.295.160) of the “Independence Rule” (ET sec. 1.200.001) in the AICPA Code of Professional Conduct.
In September 2026, PEEC issued this basis for conclusions to summarize the considerations the committee deemed significant in developing the revised interpretation. This document explains the reasons PEEC accepted certain recommendations and declined others. The purpose is to help readers understand the rationale for key revisions to the interpretation.