Which of the following groups is responsible for issuing interpretations of rules?

The Professional Ethics Executive Committee (PEEC) is the group responsible for issuing interpretations of rules related to ethical standards in the accounting profession. PEEC operates under the auspices of the American Institute of Certified Public Accountants (AICPA) and plays a crucial role in ensuring that members adhere to the AICPA's Code of Professional Conduct. By providing guidance and interpretations, PEEC helps clarify how ethical principles should be applied in various situations faced by CPAs, thereby promoting integrity and accountability within the profession.

This function is vital as it not only sets the ethical expectations for practitioners but also responds to emerging issues and complexities in accounting practice. Through these interpretations, the PEEC supports CPAs in maintaining compliance with professional standards, ultimately aiding in public trust and confidence in the profession.

Other groups mentioned, such as AICPA members and State Boards of Accountancy, do have important roles in the accounting and auditing profession. However, they do not specifically focus on issuing interpretations of ethical rules as their primary responsibility. The Trial Board is involved in disciplinary actions and resolving ethics violations rather than interpreting the rules themselves. Thus, the PEEC stands out as the authoritative body for providing these essential interpretations.