Ethics interpretations and other guidance are promulgated by the executive committee of the Professional Ethics Division to provide guidelines about the scope and application of the rules but are not intended to limit such scope or application. Publication in the Journal of Accountancy constitutes notice to members. A member who departs from these guidelines shall have the burden of justifying such departure in any disciplinary hearing.
The Professional Ethics Executive Committee (PEEC) has adopted the following:
Revised interpretations under the