AICPA considers additional outsourcing guidance.

• Position: Outsourcing - Brief Article

The AICPA's Professional Ethics Executive Committee is considering issuing additional guidance in the Code of Professional Conduct regarding the responsibilities of its members who use third-party service providers in client engagements, also known as outsourcing.

The AICPA's guidance cites Ethics Ruling No. 1, under the Code of Professional Conduct, Rule 301, Computer Processing of Client Returns, which states that members must take "all necessary precautions" to ensure that the use...