Earlier today, the IESBA’s Long Association Post-Implementation Review (LAPIR) Working Group released a questionnaire seeking stakeholder feedback on key matters relating to Phase 1 of the LAPIR.
The questionnaire forms part of the Working Group’s information gathering and will help inform the IESBA’s review of the implementation of the five-year cooling-off requirement for engagement partners on audits of public interest entities. This review is being undertaken before the “jurisdictional provision” in the standard expires for audits of financial statements for periods beginning on or after December 15, 2023. The jurisdictional provision permits jurisdictions to apply a cooling-off period less than five years subject to specified conditions.
Click here to download an update of the LAPIR released in March 2021.
How to Participate in the Questionnaire
Click here to access the questionnaire. Please provide your response by May 31, 2021.
If you have any queries about the questionnaire or Phase 1 of the LAPIR, please contact Geoff Kwan, Principal, IESBA, at geoffkwan@ethicsboard.org.
Questionnaire Released Seeking Stakeholder Input to Phase 1
To inform its consideration of the implications of the expiration of the transitional provision contained in paragraph R540.19 of the long association provisions of the Code (Phase 1 of the LAPIR)
The IESBA's Long Association Post-Implementation Review (LAPIR) Working Group has developed this questionnaire to inform its consideration of the implications of the expiration of the transitional provision contained in paragraph R540.19 of the long association provisions of the Code (Phase 1 of the LAPIR).
The IESBA today released an update on its Long Association Post-Implementation Review (LAPIR). This update provides an overview of Phase 1 of the LAPIR which will review the implementation of a specific partner rotation provision for engagement partners around the world with respect to audits of public interest entities. Phase 1 commences with information gathering activities. Phase 2 is due to commence in Q2 2023.
This update provides an overview of Phase 1 of IESBA's Long Association Post-Implementation Review (LAPIR) which will review the implementation of a specific partner rotation provision for engagement partners around the world with respect to audits of public interest entities.
Phase 1 commences with information gathering activities. Phase 2 is due to commence in Q2 2023.
The IESBA’s Rollout initiative is intended to promote awareness of, and support the adoption and effective implementation of the proposed changes to the International Independence Standards arising from the IESBA’s NAs and Fees projects. The Working Group will release materials that facilitate this initiative, such as but not limited to
