Final Pronouncement: Revisions to the Fee-related Provisions of the Code
The revisions to the fee-related provisions of the code include a prohibition on firms allowing the audit fee to be influenced by the provision of services other than audit to the audit client; in the case of PIEs, a requirement to cease to act as auditor if fee dependency on the audit client continues beyond a specified period; communication of fee-related information to TCWG and to the public to assist their judgments about auditor independence; and enhanced guidance on identifying, evaluating and addressing threats to independence.
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Related Resources
- 2020 Handbook of the International Code of Ethics for Professional Accountants
- Final Pronouncement: Revisions to the Non-assurance Services Provisions of the Code
- Proposed Revisions to the Definitions of Listed Entity and Public Interest Entity in the Code
- Exploring the IESBA Code Series Page
- IESBA COVID-19 Resources
- Final Pronouncement: Objectivity of Engagement Quality Reviewer and Other Appropriate Reviewers
- 2022 Handbook of the International Code of Ethics for Professional Accountants
