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Proposed Changes to Certain Provisions of the Code Addressing the Long Association of Personnel with an Audit or Assurance Client

The proposals in the Exposure Draft respond to stakeholder concern about the appearance of independence and the need to ensure that the threats created by the long association of audit firm personnel with an audit client are appropriately addressed on all audit engagements.

The proposals aim to strengthen the independence provisions in the Code of Ethics for Professional Accountants (the Code). Among the proposed changes are:

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2014-2016 IAESB Strategy and Work Plan

The International Accounting Education Standards Board™ (IAESB™) has issued its 2014-2016 Strategy and Work Plan, which focuses on supporting the adoption and implementation of International Education Standards™ (IESs™). The Education Board’s work will: assist International Federation of Accountants® (IFAC®) member bodies, regulators, employers, academics, and students; improve the quality of professional accounting education worldwide; and enhance the competence and judgment of professional accountants.

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