Strengthening International Independence Standards

The International Ethics Standards Board for Accountants® (IESBA®) has released revisions to the Non-Assurance Services (NAS) and fee-related provisions of the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code). The revised NAS and fee-related provisions significantly strengthen the guardrails around auditor independence in two important areas that have the potential to create incentives influencing auditor behavior—non-assurance services provided to audit clients and fees.

The revisions are effective December 15, 2022.

 
   

Final Pronouncements

 
 

Revisions to the Non-Assurance Services Provisions of the Code

The revised NAS provisions replace Section 600 of the Code and include conforming and consequential revisions to Sections 400, 525, 900 and 950. 

 
 

Revisions to the Fee-related Provisions of the Code

The revised fee-related provisions replace Section 410 of the Code and include consequential and conforming amendments to Sections 120, 270, 320, 330, 400 and 905.

 
 
Learn More About the NAS and Fees Pronouncements
Overview of revised Non-Assurance Services and Fee-related Provisions
About the Revised and Restructured Code and the Timing of the NAS and Fees Projects
What's next for the IESBA?
The Way Forward
Addressing Key Regulatory Concerns
Self Review Threats
Threats Related to the Audit Client Payer Model
Transparency of Fee-related Information for PIE Audit Clients
Proportion of Audit Fees to Non-Audit Clients
The Relevance of Materiality
Other Things to Know about the Revised NAS Provisions
New and Emerging Services
Firm Communication with those Charged with Governance
Enhanced Provisions on Fee-Dependency
Advice and Recommendations
 
 

Effective Date:

December 15, 2022

   

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