Proposed Change to the Definition of “Those Charged with Governance”

Jul 20, 2012 | Exposure Drafts and Consultation Papers
19 Pages

Comments due by: Oct 31, 2012

The IESBA has proposed a change to the definition of “those charged with governance” in the Code of Ethics for Professional Accountants (the Code) to more closely align the definition of the term with that in the IAASB’s International Standard on Auditing (ISA) 260, Communication with Those Charged with Governance.

The change specifically aims to clarify that a subgroup, such as an audit committee, may assist the governing body in meeting its responsibilities. In those cases, the auditor shall determine with whom within the entity’s governance structure to communicate.

Comments are welcome from all stakeholders.


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Submitted Comment Letters

1. RSM International  (United Kingdom)
July 27, 2012

2. Personal Capacity  (Trinidad and Tobago)
August 24, 2012

3. PwC  (United Kingdom)
October 2, 2012

4. ICAEW  (United Kingdom)
October 5, 2012

5. Institut der Wirtschaftsprüfer in Deutschland e.V. (IDW)  (Germany)
October 8, 2012

6. Hong Kong Institute of Certified Public Accountants  (Hong Kong (Special Administrative Region of China))
October 18, 2012

7. Association of Chartered Certified Accountants  (United Kingdom)
October 24, 2012

8. Deloitte Touche Tohmatsu Limited  (United States)
October 25, 2012

9. CGA-Canada  (Canada)
October 27, 2012

10. New Zealand Auditing and Assurance Standards Board  (New Zealand)
October 28, 2012

11. Consiglio nazionale dei dottori commercialisti e degli esperti contabili  (Italy)
October 29, 2012

12. ICPAS  (Singapore)
October 29, 2012

13. Institute of Certified Public Accountants of Uganda  (Uganda)
October 29, 2012

14. Institute of Chartered Accountants in Australia  (Australia)
October 29, 2012

15. Korean Institute of CPAs  (Korea, Republic of)
October 29, 2012

16. American Institute of CPAs  (United States)
October 30, 2012

17. ICAS  (United Kingdom)
October 30, 2012

18. Wirtschaftsprueferkammer  (Germany)
October 30, 2012

19. Canadian Institute of Chartered Accountants  (Canada)
November 1, 2012

20. ICAP  (Pakistan)
November 2, 2012

21. The Institute of Chartered Accountants of India  (India)
November 2, 2012

22. ASSIREVI  (Italy)
November 3, 2012

23. Accounting Professional & Ethical Standards Board Limited-Australia  (Australia)
November 6, 2012

24. CPA Australia  (Australia)
November 6, 2012

25. Chartered Accountants Regulatory Board  (Ireland)
November 6, 2012

26. Fédération des Experts Comptables Européens  (Belgium)
November 6, 2012

27. Grant Thornton International  (United States)
November 6, 2012

28. Independent Regulatory Board for Auditors  (South Africa)
November 6, 2012

29. KPMG  (United Kingdom)
November 6, 2012

30. National Association of State Boards of Accountancy  (United States)
November 6, 2012

31. Denise Silva Ferreira Juvenal  (Brazil)
November 12, 2012

32. SAICA  (South Africa)
November 15, 2012

33. Ernst & Young Global Limited  (United Kingdom)
November 30, 2012

34. Instituto dos Auditores Independentes do Brasil - IBRACON  (Brazil)
January 23, 2013


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