JICPA Issues Interpretive Guidance for Professional Ethics No. 2
November 26, 2007
On October 10, 2007, JICPA issued Ethics Committee Statement No.2 "Interpretive Guidance for Professional Ethics No. 2". The objective of this statement is to keep members informed about the amended JICPA Code of Ethics, which was approved on December 11, 2006, and to encourage them to interpret and implement the amended code appropriately in their practice. This statement was compiled based on the questions received for the amended code and the Exposure Draft of amendments to the code, and gives definitions or interpretations of terms such as "network," "second opinions" and "referral fees."