IESBA Completed Projects


Rollout of the Revised and Restructured Code

The objective of the IESBA’s Rollout initiative is to promote awareness of the International Code of Ethics for Professional Accountants (including International Independence Standards) (the revised and restructured

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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), A

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The objective of the IESBA’s Fees project is to review the provisions in the International Code of Ethics for Professional Accountants (including the International Independence Standards) (the Code) pertaining to fee-related matters. The project is responsive to a public interest need for IESBA to deal

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Non-assurance services

The objective of the IESBA’s Non-assurance Services (NAS) project is to is to ensure that all the NAS provisions in the Code are robust and of high quality for global application, thereby increasing confidence in the independence of audit firms. The project scope will encompass the International Independence Standards related to the provision of NAS to audit clients. The

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Role and Mindset Expected of Professional Accountants (formerly Professional Skepticism)

The objective the IESBA’s Role and Mindset Expected of Professional Accountants (Role and Mindset) project is to ensure that the Code promotes the role, mindset and behavioral characteristics expected of all professional accountants when performing their professional activities.

The project was informed by the feedback from respondents to the IESBA’s May 2018 consultation paper (CP)

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Definitions of Listed Entity and Public Interest Entity

The objectives of the IESBA’s Definitions of Listed Entity and PIE Project are:

(a)       To review, in coordination with the IAASB, the definitions of the terms “listed entity” and “PIE” in the Code with a view to revising them as necessary so that they

    remain relevant and fit for purpose; and


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(a)       The objective of this project is to develop provisions for the Code addressing threats that may be created when an individual who was previously involved in an

            audit or other assurance engagement (whether as the engagement partner or as another member of the engagement team) is appointed as the EQR on the

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Benchmarking Initiative

The objective of the IESBA’s Benchmarking Working Group is to compare the International Independence Standards (IIS) that are applicable to PIEs (including the pending revisions arising from the Non-assurance Services and

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(a)     The objective of this project is to develop conforming amendments to the Code so that the Code is aligned and interoperable with IAASB’s ISQM 1 and ISQM 2.

(b)     The project is focused on relevant provisions of the Code that refer to ISQM 1 or ISQM 2, or terms and concepts used or defined in those two quality


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The Inducements project aims to strengthen the provisions in Part 2 of the International Code of Ethics for Professional Accountants (including International Independence Standards) (the “restructured Code”) to assist professional accountants in business (PAIBs) in better dealing with the offering and accepting of inducements while complying with the fundamental principles, in particular the principles of integrity, objectivity and professional behavior.

The proposed enhancements to Part 2 are also applicable to professional accountants in public practice (PAPPs).  This is because it is likely that circumstances PAPPs encounter involving inducements that might create threats to compliance with the fundamental principles would be similar to those encountered by PAIBs. Accordingly, consequential and conforming amendments are reflected in Part 3, Part 4A and Part 4B of the Code.

This project was formerly referred to as Phase 2 of the Review of Part C of the Code Project(Part C) project.

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Geoff Kwan



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