Global ethics board plans overhaul of auditor independence rules

Released 23 January 2020

The International Ethics Standards Board for Accountants (IESBA) is consulting on significant revisions to the ethics code relating to provision of non-assurance services and fees to client companies in a bid to strengthen auditor independence.

The two exposure drafts are aimed at strengthening the rules and framework to reduce potential client conflicts through an overhaul of the provisions on non-assurance services (NAS) and fee-related independence rules. The proposals entail a fundamental overhaul of the International Code of Ethics for Professional Accountants.

The closing date for comment is 4 May 2020.

View the IESBA exposure draft Proposed Revisions to the Non-Assurance Services Provisions of the Code.

View the IESBA exposure draft Proposed Revisions to the Fee-Related Provisions of the Code.

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