The American Institute of Certified Public Accountants (AICPA) has proposed a reformatted version of its Code of Professional Conduct (ethics code).

The proposed restructured ethics code has been divided into separate parts according to members’ practice, with the intention "that members and other users of the AICPA Code can apply the rules and reach correct conclusions more easily and intuitively."

It also includes some substantive changes and the incorporation of two conceptual framework interpretations, one for members in public practice and another for members in business.

If adopted the amended code would become effective from 15 December 2014 and December 2015 for the two incorporated conceptual frameworks.

Deadline to comment on the proposal is 15 August.

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The American Institute of Certified Public Accountants
Exposure draft: proposed revised Code of Professional Conduct