Proposed Change to the Definition of "Engagement Team"

This Exposure Draft proposes changes to the definition of “engagement team” to make it clear that internal auditors providing direct assistance to an external auditor are not considered to be part of the audit engagement team under the IESBA Code of Ethics for Professional Accountants (the Code) and eliminate the perception that the Code and ISA 610, Using the Work of Internal Auditors, are in conflict. See the press release. 

NOTE: COMMENT PERIOD IS OPEN UNTIL MAY 31, 2012.

Submitted Comment Letters

1. Anonymous  (United States)
February 29, 2012

2. United Kingdom National Audit Office (United Kingdom)
April 19, 2012

3. ICAEW (United Kingdom)
May 4, 2012

4. National Association of Accountants and Auditors of Uzbekistan (Uzbekistan)
May 11, 2012

5. AICPA (United States)
May 17, 2012

6. Hong Kong Institute of Certified Public Accountants (Hong Kong (Special Administrative Region of China))
May 18, 2012

7. CS OEC and CNCC  (France)
May 23, 2012

8. CGA-Canada  (Canada)
May 24, 2012

9. Consiglio nazionale dei dottori commercialisti e degli esperti contabili (Italy)
May 24, 2012

10. Japanese Institute of Certified Public Accountants (Japan)
May 24, 2012

11. The Institute of Internal Auditors (United States)
May 25, 2012

12. Institute of Chartered Accountants in Australia (Australia)
May 30, 2012

13. Accounting and Auditing Institute (Spain)
May 31, 2012

14. Association of Chartered Certified Accountants (United Kingdom)
May 31, 2012

15. BDO (United States)
May 31, 2012

16. CPA Australia (Australia)
May 31, 2012

17. Deloitte Touche Tohmatsu Limited (United States)
May 31, 2012

18. The Institute of Chartered Accountants of Bangladesh (ICAB) (Bangladesh)
May 31, 2012

19. 11 European audit regulators (Netherlands)
June 1, 2012

20. Canadian Institute of Chartered Accountants (Canada)
June 1, 2012

21. Chartered Accountants Regulatory Board (Ireland)
June 1, 2012

22. Denise Silva Ferreira Juvenal  (Brazil)
June 1, 2012

23. Ernst & Young Global  (United Kingdom)
June 1, 2012

24. FAR (Sweden)
June 1, 2012

25. Foreningen af Statsautoriserede Revisorer (Denmark)
June 1, 2012

26. Fédération des Experts Comptables Européens (FEE) (Belgium)
June 1, 2012

27. Grant Thornton International  (United States)
June 1, 2012

28. Institut des Reviseurs d'Entreprises/ Instituut der Bedrijfsrevisoren (IBR-IRE) (Belgium)
June 1, 2012

29. Institute of Certified Public Accountants of Singapore  (Singapore)
June 1, 2012

30. Instituto de censores Jurados de Cuentas de España (Spain)
June 1, 2012

31. KPMG  (United Kingdom)
June 1, 2012

32. Malaysian Institute of Accountants  (Malaysia)
June 1, 2012

33. New Zealand Auditing and Assurance Standards Board  (New Zealand)
June 1, 2012

34. PricewaterhouseCoopers  (United Kingdom)
June 1, 2012

35. The Korean Institute of Certified Public Accountants  (Korea, Republic of)
June 1, 2012

36. The South African Institute of Chartered Accountants  (South Africa)
June 1, 2012

37. United States Government Accountability Office  (United States)
June 1, 2012

38. Zambia Institute of Chartered Accountants  (Zambia)
June 1, 2012

39. ICAS (United Kingdom)
June 4, 2012

40. Institut der Wirtschaftspruefer in Deutschland e.V. (IDW) (Germany)
June 4, 2012

41. Institute of Certified Public Accountants of Kenya- ICPAK (Kenya)
June 4, 2012

42. The Chinese Institute of Certified Public Accountants (China)
June 4, 2012

43. Accounting Professional and Ethical Standards Board (Australia)
June 6, 2012

44. Wirtschaftsprueferkammer (WPK) (Germany)
June 8, 2012

45. Nederlandse Beroepsorganisatie van Accountants  (Netherlands)
June 19, 2012

46. IOSCO - Committee 1  (Spain)
August 1, 2012

Related Resources

• IESBA Strategy and Work Plan, 2010-2012
• Proposed Change to the Definition of “Those Charged with Governance”
• Proposed Changes to the Code of Ethics for Professional Accountants Addressing Conflicts of Interest
• Proposed Changes to the Code of Ethics for Professional Accountants Related to Provisions Addressing a Breach of a Requirement of the Code
• Responding to a Suspected Illegal Act