Beyond the traditional exhortations that practitioners serve the client interest with integrity and objectivity, the statement says that those performing forensic services should only be an advocate of their professional opinions. This means a member "may not provide expert opinions pursuant to a contingent fee arrangement while providing services in a Litigation, unless explicitly allowed otherwise under the AICPA Code of Professional Conduct," nor can they opine as to the ultimate conclusion of fraud or other legal determinations. They may, however, provide expert opinions relating to whether evidence is consistent with certain elements of fraud or of other laws based on objective evaluation.

The new standard, if adopted, would be effective for new engagements accepted on or after May 1, 2019. Early application of the provisions of this statement is permissible.