Released 01 April 2021
The International Ethics Standards Board for Accountants (IESBA) has released an update on its Long Association Post-Implementation Review (LAPIR).
The update provides an overview of Phase 1 of the LAPIR, which will review the implementation of a specific partner rotation provision for engagement partners around the world with respect to audits of public interest entities. Phase 1 commences with information gathering activities. Phase 2 is due to commence in Q2 2023.