The American Psychological Association (APA) is in the process of revising its 2002 ethics code with the goal of adopting a transformational new ethics code for the future. A comprehensive report concerning the charge to the task force that is drafting the new ethics code; progress to date; and future plans for final adoption will also be included. Comparisons with the current APA ethics code will be made. The foundational constructs of standards of practice in psychology remain the same: Competence, Informed Consent, Confidentiality, Multiple Relationships, Record Keeping, Privacy, Research Methodology, Assessment, and Psychological Services. The devil is in the details, however. The advances in all of these domains have required that mental health professionals consider the expansion of these areas into more defined practices, awareness of advancing in the field, knowledge, and competencies beyond what was considered standards of practice even in recent years. This presentation will highlight some of the growing areas of practice and the expectations of mental health professionals to develop new competencies. Examples include the following: (a) the burgeoning area of technology presents demands of understanding the impact of generative artificial intelligence on the profession, (b) the use and misuse of social media, (c) the impact of electronic data collection on confidentiality in research and in informed consent, and (d) the development of interdisciplinary practice and (e) human rights and cross-cultural issues. Navigating these developments for ethical practice in all countries will be challenging. This presentation will hopefully shed light on professionals' path going forward. A report of the background work undertaken by APA's Ethics Code Task Force prior to drafting, which included an environmental scan and review of international ethics codes, as well as the Universal Declaration of Ethical Principles for Psychologists, will also be given.