Proposed Revisions Pertaining to Safeguards in the Code—Phase 2 and Related Conforming Amendments

IESBA

Jan 24, 2017 | Exposure Drafts and Consultation Papers

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Comments due by: Apr 25, 2017

The proposals address safeguards-related provisions in the independence sections of the Code of Ethics for Professional Accountants pertaining to non-assurance services provided to audit and other assurance clients.

The document also explains the rationale for the revisions to the non-assurance services section of the extant Code (Proposed Section 600, Provision of Non-assurance Services to an Audit Client and Section 950, Provision of Non-assurance Services to an Assurance Client); and the proposed conforming amendments arising from the Safeguards project as these relate to the text of Phase 1 of the Structure of the Code project (“Structure project”). Proposed conforming amendments as these relate to the text of Phase 2 of the Structure project are presented in gray text in the January 2017 Exposure Draft: Improving the Structure of the Code of Ethics for Professional Accountants—Phase 2 (Structure ED-2).

See also Restructuring the Code.

Exposure Draft

Submitted Comment Letters

Crowe Horwath International (CHI) (115.45 KB)
()

Apr 10, 2017
European Federation of Accountants and Auditors for SMEs (EFAA) (515.99 KB)
()

Apr 19, 2017
Malaysian Institute of Accountants (MIA) (715.31 KB)
(Malaysia)

Apr 19, 2017
Institute of Chartered Accountants in England and Wales (ICAEW) (219.54 KB)
(United Kingdom)

Apr 20, 2017
Chartered Accountants Australia and New Zealand (CAANZ) (1.73 MB)
(Australia)

Apr 20, 2017
Institute of Singapore Chartered Accountants (ISCA) (427.33 KB)
(Singapore)

Apr 23, 2017
New Zealand Auditing and Assurance Standards Board (NZAuASB) (335.29 KB)
(New Zealand)

Apr 24, 2017
Korean Institute of Certified Public Accountants (KICPA) (116.35 KB)
(Korea)

Apr 24, 2017
MNP LLP (MNP) (252.9 KB)
(Canada)

Apr 24, 2017
Grant Thornton International Ltd. (GTI) (226.5 KB)
(United Kingdom)

Apr 24, 2017
Financial Reporting Council (FRC UK) (3.16 MB)
(United Kingdom)

Apr 24, 2017
National Association of State Boards of Accountancy (NASBA) (60.58 KB)
(United States of America)

Apr 24, 2017
Japanese Institute of Certified Public Accountants (JICPA) (179.76 KB)
(Japan)

Apr 25, 2017
Foreningen af Statsautoriserede Revisorer (Danish Institute of Accountants)(FSR) (112.96 KB)
(Denmark)

Apr 25, 2017
Hong Kong Institute of Certified Public Accountants (HKICPA) (100.35 KB)
(Hong Kong, Special Administrative Region of China)

Apr 25, 2017
Institut der Wirtschaftsprüfer in Deutschland e.V. (IDW) (95.75 KB)
(Germany)

Apr 25, 2017
Association of Chartered Certified Accountants (ACCA) (274.29 KB)
(United Kingdom)

Apr 25, 2017
Chartered Professional Accountants of Canada (CPA Canada) (160.52 KB)
(Canada)

Apr 25, 2017
FAR (Institute for the Accountancy Profession in Sweden) (FAR) (190.89 KB)
(Sweden)

Apr 25, 2017
The Institute of Chartered Accountants of Pakistan (ICAP) (594.58 KB)
(Pakistan)

Apr 25, 2017
Independent Regulatory Board for Auditors (IRBA) (446.31 KB)
(South Africa)

Apr 25, 2017
American Institute of Certified Public Accountants (AICPA) (451.19 KB)
(United States of America)

Apr 25, 2017
Wirtschaftsprueferkammer (WPK) (289.91 KB)
(Germany)

Apr 25, 2017
Institute of Chartered Accountants of Scotland (ICAS) (359.93 KB)
(United Kingdom)

Apr 25, 2017
Ernst & Young Global Limited (EYG) (249.27 KB)
()

Apr 25, 2017
South African Institute of Chartered Accountants (SAICA) (337.62 KB)
(South Africa)

Apr 25, 2017
United States Government Accountability Office (GAO) (117.46 KB)
(United States of America)

Apr 25, 2017
BDO International Limited (BDO) (66.32 KB)
()

Apr 25, 2017
IFAC Small and Medium Practices Committee (SMPC) (275.26 KB)
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Apr 25, 2017
Mexican Institute of Publiic Accountants (IMCP) (26.55 KB)
(Mexico)

Apr 25, 2017
Deloitte Touche Tohmatsu Limited (DTT) (55.98 KB)
()

Apr 25, 2017
Association of Accounting Technicians (AAT) (272.11 KB)
(United Kingdom)

Apr 27, 2017
RSM International (RSM) (352.53 KB)
(United Kingdom)

Apr 28, 2017
PricewaterhouseCoopers International Limited (PwC) (160.32 KB)
()

Apr 28, 2017
Office of the Auditor General of New Zealand (AGNZ) (61.11 KB)
(New Zealand)

May 2, 2017
Compagnie Nationale des Commissaires aux Comptes (CNCC) (215.53 KB)
(France)

May 3, 2017
Accounting Professional & Ethical Standards Board (APESB) (503.93 KB)
(Australia)

May 4, 2017
CPA Australia Ltd (CPA Au) (292.14 KB)
(Australia)

May 5, 2017
Accountancy Europe (AE) (1.02 MB)
(Belgium)

May 11, 2017
Royal Netherlands Institute of Chartered Accountants (280.21 KB)
(Netherlands)

May 12, 2017
International Organization of Securities Commissions (IOSCO) (278.31 KB)
(Spain)

May 16, 2017
KPMG (KPMG) (182.42 KB)
(United Kingdom)

May 16, 2017
The Malaysian Institute of Certified Public Accountants (303.27 KB)
(Malaysia)

May 22, 2017
International Forum for Independent Audit Regulators (IFIAR) (444.21 KB)
(Japan)

May 30, 2017
Instituto dos Auditores Independentes do Brasil (IBRACON) (180.99 KB)
(Brazil)

Jun 1, 2017
Securities Commission of Malaysia (SCM) (85.64 KB)
(Malaysia)

Jun 6, 2017
ASSIREVI Italy (75.62 KB)
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Jun 29, 2017

Proposed Revisions Pertaining to Safeguards in the Code—Phase 2 and Related Conforming Amendments

Submitted Comment Letters

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