AICPA looks to strengthen disciplinary process. (AICPA News).The AICPA AICPA See American Institute of Certified Public Accountants (AICPA). is trying to take a bigger bite out of crime. The AICPA Council recently voted to strengthen its disciplinary processes with three proposals: * Establish an ethics enforcement policy that would allow the Professional Ethics Executive Committee (PEEC PEEC Pocono Environmental Education Center (Pennsylvania) PEEC Partial Element Equivalent Circuit PEEC Programmed Escape from the Evolution of Cancer PEEC Provincial Environmental Education Centers ) to sanction a member automatically if that member is disciplined by the SEC, PCAOB PCAOB Public Company Accounting Oversight Board or other government agency. * Establish an admonishment sanction to allow the PEEC to publicly admonish a member--when other sanctions are inappropriate--who has violated the code of professional conduct. * Establish a policy of expanded transparency to allow the PEEC "to provide for more relevant disclosures about the matters it has investigated, including disclosure of the results of an investigation to a complainant A plaintiff; a person who commences a civil lawsuit against another, known as the defendant, in order to remedy an alleged wrong. An individual who files a written accusation with the police charging a suspect with the commission of a crime and providing facts to support the allegation ." To view the proposals, go to www.aicpa.org/news/2003/030429.asp. |
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