Proposed Quality Management-related Conforming Amendments to the Code

Aug 05, 2021 | Exposure Drafts and Consultation Papers

Comments due by: Oct 05, 2021

The Proposed Quality Management-related Conforming Amendments exposure draft aims to align the Code with the IAASB’s suite of quality management standards, especially ISQM 1 and ISQM 2, through conforming amendments so that the Code is consistent and interoperable with these IAASB standards. The review has encompassed the recent revisions to the Code pertaining to Role & Mindset and the Non-assurance Services and Fee-related provisions of the Code.

This project falls under the umbrella of IAASB-IESBA coordination, a strategic commitment of the two Boards, and builds on their overarching commitment for enhanced connectivity and coordination to better serve the public interest.

The proposals in this Exposure Draft may be modified in light of comments received before being issued in the final pronouncement. Comments are requested by October 5, 2021


Copyright © 2023 The International Federation of Accountants (IFAC). All rights reserved.

Submitted Comment Letters

1. Financial Reporting Council (UKFRC)  (United Kingdom)
September 6, 2021

2. Institute of Singapore Chartered Accountants (ISCA)  (Singapore)
September 20, 2021

3. New Zealand Auditing and Assurance Standards Board (XRB)  (New Zealand)
September 23, 2021

4. BDO International Limited (BDO)  (United States)
September 29, 2021

5. Deloitte Touche Tohmatsu Limited (DTTL)  (United States)
October 1, 2021

6. Ernst & Young Global Limited (EY)  (United Kingdom)
October 1, 2021

7. Japan Institute of Certified Public Accountants (JICPA)  (Japan)
October 1, 2021

8. Hong Kong Institute of Certified Public Accountants (HKICPA)  (Hong Kong (Special Administrative Region of China))
October 3, 2021

9. The Korean Institute of Certified Public Accountants (KICPA)  (Korea, Republic of)
October 3, 2021

10. AICPA Professional Ethics Executive Committee (PEEC)  (United States)
October 4, 2021

11. Institute of Chartered Accountants of Scotland (ICAS)  (United Kingdom)
October 4, 2021

12. Accounting Professional & Ethical Standards Board (APESB)  (Australia)
October 5, 2021

13. Botswana Accountancy Oversight Authority (BAOA)  (Botswana)
October 5, 2021

14. Botswana Institute of Chartered Accountants (BICA)  (Botswana)
October 5, 2021

15. Independent Regulatory Board for Auditors (IRBA)  (South Africa)
October 5, 2021

16. Institut der Wirtschaftsprüfer (IDW)  (Germany)
October 5, 2021

17. KPMG IFRG Limited (KPMG)  (United Kingdom)
October 5, 2021

18. Pricewaterhousecoopers International (PWC)  (United Kingdom)
October 5, 2021

19. South African Institute of Chartered Accountants (SAICA)  (South Africa)
October 5, 2021

20. Grant Thornton International Ltd. (GTIL)  (United Kingdom)
October 6, 2021

21. Chartered Professional Accountants Canada Public Trust Committee (CPAC)  (Canada)
October 7, 2021

22. RSM International (RSM)  (United Kingdom)
October 7, 2021


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