AICPA members vote overwhelmingly to adopt bylaw amendments to strengthen ethics enforcement process.In the recent member referendum, AICPA AICPA See American Institute of Certified Public Accountants (AICPA). members voted by a 7-to-1 margin to adopt proposals to amend the AICPA bylaws The rules and regulations enacted by an association or a corporation to provide a framework for its operation and management. Bylaws may specify the qualifications, rights, and liabilities of membership, and the powers, duties, and grounds for the dissolution of an that will enhance the AICPA's ethics enforcement process. The first proposal will broaden the AICPA's ability to "automatically" sanction an AICPA member if a regulatory authority that has been approved by the Professional Ethics Executive Committee and the AICPA Board of Directors has taken disciplinary action against the member. The amended bylaw by·law n. 1. A law or rule governing the internal affairs of an organization. 2. A secondary law. [Middle English bilawe, body of local regulations; akin to Danish retains the current provision which allows the member to appeal to the Joint Trial Board that the automatic sanction should not be applied, but now extends that right of appeal to the 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 as well. The second proposal enhances the transparency of the AICPA's disciplinary process. The proposal allows 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 . The governing Council adopted changes to its resolutions under the bylaws to implement the bylaw amendments approved by the members, which became effective upon the adoption of the proposals by the members. The text of the amendments is located in Official Releases in the Dec. 2003 Journal of Accountancy. The revised bylaws and resolutions may be found on the AICPA Web site at www.aicpa.org/about/bylaws/index.htm. |
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