This AICPA conceptual framework, which is included in these two frameworks, is a method of identifying, evaluating, and addressing threats to rule compliance that arise from a specific relationship or circumstance that is not discussed in the code. In addition to the flowchart below, the Conceptual Framework template may be useful as a training tool. The AICPA Professional Ethics Division is creating a toolkit to assist with implementation, including a discussion of the certain types of threats that may exist and protection that can be applied to reduce those threats to an acceptable level, as shown in this AICPA conceptual framework diagram. Grab a copy of EdrawMax today to organize your knowledge with conceptual frameworks.
