Exposure Drafts and Consultation Papers
Published: Jan 24, 2017
Comments due by:
Apr 25, 2017
Proposed Revisions Pertaining to Safeguards in the Code—Phase 2 and Related Conforming Amendments
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).
Copyright © 2017 The International Federation of Accountants (IFAC). All rights reserved.