Navigating Outside Investors
The AICPA's Professional Ethics Executive Committee (PEEC) is updating guidance for firms navigating private-equity investments and alternative practice structures.
Private-equity (PE) and other strategic investments have become more frequent in the accounting profession. The preferred vehicle for PE entry into the accounting profession has been the alternative practice structure (APS), which allows PE to invest in an entity closely aligned with a CPA firm, while maintaining compliance with professional standards.
The AICPA has brought together teams across the organization, coordinating efforts to provide resources and support for members considering and adapting to these and other evolving business models.
Find out more in this JofA article.
Author's summary: AICPA updates guidance for firms with private-equity investments.