Structure & Safeguards Phase 1 Revisions to IESBA Code—Agreed in Principle

The Basis for Agreement in Principle documents summarize the feedback received from respondents to Structure ED-1 and Safeguards ED-1. They explain the rationale for the IESBA’s decisions in agreeing in principle the text of Phase 1 of the Structure and Safeguards projects.

The agreed-in-principle text contains:

• Restructured provisions covered under Phase 1 of the IESBA’s Structure of the Code project, which are presented using the new structure and drafting conventions for the Code; and
• Revised and restructured provisions under Phase 1 of the IESBA’s Safeguards project, which are also presented using the new structure and drafting conventions.

It agreed-in-principle mark-up text shows the revisions made to the December 2015 Structure ED-1 and Safeguards ED-1 in finalizing the agreed-in-principle text.