Non-assurance services

Objective

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 International Independence Standards are set out in the revised and restructured Code that will come into effect in June 2019.

The project was informed by the feedback from the four global roundtables held in June and July 2018 in Washington, DC, U.S.A.; Paris, France; Tokyo, Japan; and Melbourne, Australia.

PROJECT CONTACT

TASK FORCE

Project Stages

Information Gathering Project Proposal Consultation Paper / Exposure Draft
Board Papers

December 2018 March 2019 June 2019 September 2019 December 2019 July 2020 September 2020 December 2020

CAG Papers

March 2019 September 2019 September 2020

Issued Document

Proposed Revisions to the Non-Assurance Services Provisions of the Code

Board Minutes

December 2018 March 2019 June 2019 September 2019 December 2019 July 2020 September 2020 December 2020 (Available March 2021)

CAG Minutes

March 2019 September 2019 September 2020 (Available March 2021)

Summary
IESBA September 2020 Meeting Highlights

The IESBA considered a full analysis of the significant comments received from respondents to the Exposure Draft (ED), Proposed Revisions to the Non-Assurance Services Provisions of the Code, and a first read of the Task Force’s revisions to the ED text in response to the main issues raised by respondents.

Among other matters, the IESBA considered the Task Force’s proposed revisions to the ED text and other proposals on the topics of: the self-review threat prohibition; providing advice and recommendations, particularly the threshold for which there would be no deemed self-review threat in relation to tax advice; materiality; communication with those charged with governance (TCWG); safeguards; technology-related NAS; and various subsections within the NAS section of the International Independence Standards (IIS).

The IESBA will consider a revised draft of the provisions with a view to approving the final pronouncement at its December 2020 meeting.

 

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