Improving the Structure of the Code of Ethics for Professional Accountants—Phase 2
IESBA
Jan 24, 2017 | Exposure Drafts and Consultation Papers
143 Pages
English
Comments due by: May 25, 2017
The Phase 2 proposals (Structure Exposure Draft-2) restructure select sections of the Code, including recently finalized provisions addressing:
- accountants’ response to non-compliance with laws and regulations (NOCLAR);
- long association of firm personnel with an audit or assurance client; and
- ethical issues that professional accountants in business (PAIBs) often face.
Structure ED-2
Supplement to Structure ED-2—Restructuring Changes to NOCLAR
Supplement to Structure ED-2—Restructuring Changes to Long Association Close-Off
Supplement to Structure ED-2—Restructuring Changes to Part C Phase 1 Close-Off
Copyright © 2022 The International Federation of Accountants (IFAC). All rights reserved.
Submitted Comment Letters
1. Crowe Horwath International
April 10, 2017
2. Pricewaterhousecoopers International
May 4, 2017
3. Financial Reporting Council (United Kingdom)
May 15, 2017
4. Accounting Professional & Ethical Standards Board (Australia) (Australia)
May 19, 2017
5. Auditing Standards Committee of the American Accounting Association
May 21, 2017
6. The Malaysian Institute of Certified Public Accountants (Malaysia)
May 22, 2017
7. Institut der Wirtschaftsprüfer in Deutschland e.V.
May 23, 2017
8. Japanese Institute of Certified Public Accountants (Japan)
May 23, 2017
9. Independent Regulatory Board for Auditors (IRBA) (South Africa)
May 24, 2017
10. RSM International (United Kingdom)
May 24, 2017
11. FSR - danske revisorer (Denmark)
May 24, 2017
12. NZ Auditing and Assurance Standards Board
May 24, 2017
13. BDO
May 24, 2017
14. Wirtschaftsprueferkammer (WPK) (Germany)
May 24, 2017
15. Association of Chartered Certified Accountants
May 24, 2017
16. Deloitte Touche Tohmatsu Limited
May 25, 2017
17. KICPA (Korea, Republic of)
May 25, 2017
18. Chartered Accountants Australia and New Zealand
May 25, 2017
19. South African Institute of Chartered Accountants (South Africa)
May 25, 2017
20. Chartered Professional Accountants of Canada (Canada)
May 25, 2017
21. ICAEW (United Kingdom)
May 25, 2017
22. Malaysian Institute of Accountants (MIA) (Malaysia)
May 25, 2017
23. The Institute of Chartered Accountants of Pakistan (Pakistan)
May 25, 2017
24. Rob Tough, ICAEW South West Technical Advisory Committe (United Kingdom)
May 25, 2017
25. Association of Accounting Technicians (United Kingdom)
May 25, 2017
26. ICAS (United Kingdom)
May 25, 2017
27. Hong Kong Institute of Certified Public Accountants (Hong Kong (Special Administrative Region of China))
May 25, 2017
28. ISCA
May 25, 2017
29. Ernst & Young Global (EYG) (United Kingdom)
June 2, 2017
30. KPMG (KPMG) (United Kingdom)
June 6, 2017
31. FAR (FAR) (Sweden)
June 6, 2017
32. Grant Thornton International (GTI) (United Kingdom)
June 6, 2017
33. MNP LLP (MNP) (Canada)
June 6, 2017
34. Accountancy Europe (AE) (Belgium)
June 6, 2017
35. American Institute of CPAs (AICPA) (United States)
June 6, 2017
36. IFAC SMP Committee
June 7, 2017
37. International Organisation of Securities Commissions
June 9, 2017
38. CPA Australia (CPA Aus) (Australia)
June 28, 2017
39. ASSIREVI (Italy)
June 28, 2017
40. The Chartered Institute of Management Accountants (CIMA) (United Kingdom)
July 13, 2017
Related Resources
- 2015 Handbook of the Code of Ethics for Professional Accountants
- Benchmarking International Independence Standards
- IESBA Strategy Survey 2022
- Report on IESBA Accomplishments, 2020 – 2021
- Summary: Benchmarking the International Independence Standards
