New York (Sept. 26, 2003) -- There is more bite to the ethics process in New York State as its CPA society now requires its Professional Ethics Committee to share violations with state and federal authorities.
In some cases, the PEC will inform regulatory authorities about its investigations before a final determination is rendered on the alleged ethics violations. The new bylaw also requires the PEC to turn over all requested statements, copies and other materials relating to the investigation.
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