Alignment of Part 4B with ISAE 3000 (Revised)
The IESBA has undertaken a project to review and compare the terms and concepts in the revised and restructured Code (specifically the International Independence Standards, Part 4B – Independence for Other Assurance Engagements Other than Audit and Review Engagements) and the IAASB’s ISAE 3000 (Revised), Assurance Engagements other than Audits or Reviews of Historical Financial Information.
It is anticipated that the resulting proposals will be limited to consequential amendments, and will clarify the independence provisions that apply to the various parties involved in an assurance engagement.
Liebet Haustermans, Task Force Chair and IESBA Member
Caroline Lee, IESBA Member
Andrew Pinkney, IESBA Technical Advisor
Saadiya Adam, IESBA Technical Advisor