Nov 14, 2025 | Ethics, Genuine Learning
In this episode of the Genuine Learning Blog, Melisa Galasso breaks down the newly revised interpretation of tax advisory services and independence from the AICPA. Following public feedback, PEAK has shifted from a rigid “more likely than not” threshold to a more flexible, principles-based approach, allowing CPAs to use professional judgment based on facts and circumstances. Melisa Galasso also clarifies routine tax prep versus advisory services and highlights the importance of submitting comments by December 15, 2025, to help shape this evolving standard.
Oct 2, 2025 | Accounting, Auditing, Ethics, Genuine Learning, Government
The third quarter of 2025 was packed with action from the standard setters. This blog will review the major proposals and final standards issued by the FASB, AICPA and GASB. Be in the know on what’s changing!
Jun 26, 2025 | Ethics
The AICPA’s PEEC has proposed targeted changes to the independence rules for SSAE engagements. By updating terminology and adding more examples, the hope is to make it easier to apply the rules to attestation engagements where the subject matter is not a financial statement. This is phase 1 of a 5 phase approach PEEC is taking. Comments are due September 5th.
May 8, 2025 | Ethics
The AICPA’s Professional Ethics Executive Committee (PEEC) has issued a discussion memorandum to gather feedback on alternative practice structures, including those with private equity investments, and impacts on independence.
Feb 20, 2025 | Ethics
On December 16, 2024 the AICPA’s Professional Ethics Executive Committee (PEEC) issued proposed revisions related to simultaneous employment or association with an attest client. Key changes from this exposure draft include a new definition of being simultaneously employed or associated with the client, as well as the addition of a new exception to the rules for USERRA/compliance with employment laws. In addition, the proposed revised interpretation uses both a rules-based approach and a principles-based approach in making determinations regarding independence. Comments are due March 16, 2025.
