Proposed Quality Management-related Conforming Amendments to the Code
IESBA
Aug 05, 2021 | Exposure Drafts and Consultation Papers
English
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 © 2021 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
Related Resources
- 2015 Handbook of the Code of Ethics for Professional Accountants
- Global Ethics Board Consults on Professional Skepticism
- IESBA Proposes Significant Revisions To the International Independence Standards Related to Non-Assurance Services
- Proposed Revisions to the Fee-related Provisions of the Code
- Proposed Revisions to the Non-Assurance Services Provisions of the Code
