Web conference on modernization of independence rules sponsored, white paper on new AICPA rules issued.

• Position: American Institute of Certified Public Accountants. Professional Ethics Executive Committee - Brief Article

The AICPA Professional Ethics Executive Committee (PEEC) on Dec. 4, 2001, sponsored an interactive Web conference entitled Modernization of the Profession's Independence Rules. A panel consisting of National Association of State Boards of Accountancy Vice Chair K. Michael Conaway, Jean Rothbarth and James Curry (chair) of the PEEC, and Professional Ethics Division Director Lisa Snyder, addressed viewers' live, e-mail questions on the new AICPA roles, the impact of modernized and harmonized rules on practitioners and the public, and state-related issues.

During the conference, Mr. Conaway stressed the need for uniform independence standards, saying, "The idea of rule harmonization is one that I think we can all agree on." He also noted that the profession has an opportunity, through state societies and contacts with the state boards, to make sure that the boards actively consider harmonizing their rules to the AICPA.

Approximately 84 people, mostly representing state CPA societies and accountancy boards, registered for the event. Those wishing to view the Web conference on the Internet may do so...