Auditing and Financial Management:
June 3, 2011, letter commenting on AICPA's Professional Ethics Executive Committee (PEEC) April 2011 Exposure Draft of a proposed pronouncement entitled "Omnibus Proposal ~ AICPA Professional Ethics Division ~ Interpretations and Definition"
Published: Jun 3, 2011. Publicly Released: Jun 3, 2011.
This letter provides the U.S. Government Accountability Office's (GAO) comments on the PEEC's Omnibus Proposal. The exposure draft (ED) contains proposals that will apply to members in business and industry, in addition to members in public practice, and requests specific comment on the two questions listed on page 14 of the ED. Our responses to these questions, along with other comments, are provided below.