PEEC Project Activity
Among other things, the Professional Ethics Executive Committee (PEEC) promulgates new ethics interpretations and monitors changes in practice and the needs of the public, making revisions to the standards as needed. PEEC’s process includes deliberation in meetings open to the public, public exposure of proposed standards, and a formal vote.
The AICPA issues exposure drafts to invite public comment before a final pronouncement is issued. The public exposure time varies depending on the complexity of the issue and the circumstances surrounding the need for a new or revised standard. Once adopted, the standard becomes effective the last day of the month in which notice appears in the Journal of Accountancy, unless stated otherwise.
The table below presents current and recent projects. For projects not presented, please email PEECCoordinator@aicpa.org.