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The AICPA has issued 3 new questions and answers (https://us.aicpa.org/content/dam/aicpa/interestareas/professionalethics/resources/tools/downloadabledocuments/ethics-qa-section-250-02-04.pdf) around the implementation of the new Information System Services interpretation which will be effective in January 2023. The interpretation has been delayed twice—first due to COVID and then due to concerns around implementation. AICPA staff members recently met with concerned individuals to better understand the concerns and the Q&As address some of the larger concerns noted.
Do you believe these Q&As will help reduce concerns over implementation?
Watch all A&A Today videos at https://www.youtube.com/playlist?list=PLzz2wvHsZ2DNJ64dEWyHTq5BcvI1RALA-
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