Proposed Revisions to the Fee-related Provisions of the Code
IESBA
| Exposure Drafts and Consultation Papers
English
Comments due by:
Due to the COVID-19 pandemic the comment deadline is extended to June 4
The proposed 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; and
- Communication of fee-related information to TCWG and to the public to assist their judgments about auditor independence.
The Fees ED also includes enhanced guidance on identifying, evaluating and addressing threats to independence in relation to other fee-related matters, including the proportion of fees for services other than audit to the audit fee.
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Submitted Comment Letters
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Porus Pavri (103.07 KB)(United Arab Emirates)
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UK Financial Reporting Council (1.02 MB)(United Kingdom)
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United States Government Accountability Office (138.62 KB)(United States of America)
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Office of the Auditor-General of New Zealand (512.56 KB)(New Zealand)
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National Board of Accountants & Auditors – Tanzania (485.38 KB)(Tanzania, United Republic of)
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Inter-American Accounting Association (376.48 KB)()
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Capital Market Authority in Saudi Arabia (111.56 KB)(Saudi Arabia)
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Committee of European Auditing Oversight Bodies (244.04 KB)(France)
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Institute of Chartered Accountants in England and Wales (205.54 KB)(United Kingdom)
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International Forum of Independent Audit Regulators (2.22 MB)(Japan)
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European Federation of Accountants and Auditors for SMEs (282.54 KB)(Belgium)
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National Association of State Boards of Accountancy (266.59 KB)(United States of America)
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New York State Society of CPAs (174.4 KB)(United States of America)
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Grant Thornton International Ltd. (223.54 KB)(United States of America)
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Institute of Chartered Accountants (Ghana) (1.81 MB)(Ghana)
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Wirtschaftsprüferkammer (246.53 KB)(Germany)
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Japan Audit & Supervisory Board Members Association (12.33 KB)(Japan)
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Nexia International (183.67 KB)(United Kingdom)
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Baker Tilly International (204.2 KB)(United Kingdom)
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Institute of Certified Public Accountants of Uganda (110.84 KB)(Uganda)
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Irish Auditing & Accounting Supervisory Authority (68 KB)(Ireland)
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Malaysian Institute of Certified Public Accountants (220.02 KB)(Malaysia)
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Institute of Chartered Accountants of India (199.55 KB)(India)
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KPMG IFRG Limited (84.77 KB)(United Kingdom)
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Crowe Global (136.86 KB)(United States of America)
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Deloitte Touche Tohmatsu Limited (206.68 KB)(United States of America)
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Japan Institute of Certified Public Accountants (178.64 KB)(Japan)
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Audit Oversight Board, Securities Commission Malaysia (758.18 KB)(Malaysia)
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Hong Kong Institute of Certified Public Accountants (333.67 KB)(Hong Kong, Special Administrative Region of China)
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New Zealand Auditing and Assurance Standards Board (263.96 KB)(New Zealand)
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Korean Institute of Certified Public Accountants (204.69 KB)(Korea)
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Association of the Italian audit firms (244.95 KB)(Italy)
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Chartered Accountants Australia and New Zealand and the Association of Chartered Certified Accountants (276.73 KB)()
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Accountancy Europe (95.8 KB)(Belgium)
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Institute for the Accountancy Profession in Sweden-FAR (95.93 KB)(Sweden)
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MALAYSIAN INSTITUTE OF ACCOUNTANTS (155.46 KB)(Malaysia)
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Moore Global (204.2 KB)(United Kingdom)
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US Center for Audit Quality (215.27 KB)(United States of America)
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Institut der Wirtschaftspruefer in Deutschland e.V. (IDW) (600.34 KB)(Germany)
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PricewaterhouseCoopers (PWC) (241.52 KB)(United Kingdom)
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Binder Dijker Otte (BDO) (194.73 KB)(United Kingdom)
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Institute of Chartered Accountants of Bangladesh (477.24 KB)(Bangladesh)
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Botswana Institute of Chartered Accountants (244.27 KB)(Botswana)
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Ernst & Young Global Limited (84.73 KB)(United Kingdom)
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RSM International (295.25 KB)(United Kingdom)
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Chartered Accountants Ireland (341.84 KB)(Ireland)
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Auditor-General of South Africa (234.02 KB)(South Africa)
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MAZARS (1.4 MB)(France)
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International Federation of Accountants (171.12 KB)(United States of America)
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International Organization of Securities Commissions (IOSCO) (3.48 MB)(Spain)