SAVE THE DATE – eCode Launch
To coincide with the revised and restructured Code coming into effect on June 15, 2019, the IESBA is making final preparations for its
eCode launch in late June. The eCode is an innovative way of engaging with the
International Code of Ethics for Professional Accountants. With its simple, visually appealing accordion design, the eCode emphasizes the Code’s “building blocks” architecture and scalability. The eCode’s electronic features, including links to non-authoritative materials, will assist users to better understand, navigate, and consistently apply the Code.
Join us for an upcoming webinar to learn more.
Count Down to the New Code!
It is hard to believe but there is less than
one month to go before the revised and restructured Code becomes effective!
To raise awareness and explain the new Code’s structural and substantive improvements, the IESBA held two global webinars in March and April 2019. The webinars were attended by more than 1,000 participants from more than 100 jurisdictions.
The webinar is available online for those who weren’t able to participate or want to watch again.
Additionally, if you’re wondering how the new Code will affect your standards, take a look at
the article on the IFAC Global Knowledge Gateway from the IESBA. You can even earn continuing profession development credits!
For more and the latest support materials, continue to check out
the dedicated web page.
Connecting Global and National Standards
Robust and lively discussions on key IESBA projects and significant national developments featured prominently in the IESBA’s meeting with national ethics standard setters from 14 jurisdictions in Paris last week.
In addition, the IESBA held a successful joint session with the International Auditing and Assurance Standards Board and national audit and ethics standard setters to explore enhancing trialogue and mutual engagement. The event also included a session on UK audit market developments and discussion on the developments from an international perspective.
During this visit, the IESBA and IAASB, in association with the French professional accountancy organizations, Compagnie Nationale des Commissaires aux Comptes and Conseil Supérieur de l'Ordre des Experts-Comptables, hosted a successful two-day international working conference. The conference drew more than 80 delegates who explored how the two standard-setting boards can best respond to the challenges related to less complex entities in their standard-setting activities.
While in Paris, IESBA representatives also met with members of the regulatory community, international organizations and firms, including Haut Conseil du commissariat aux comptes, European Securities and Markets Authority, and the Organisation for Economic Co-operation and Development, as part of its outreach activities.
Alignment with ISAE 3000 (Revised)
The IESBA has proposed changes to Part 4B of the Code,
Independence for Assurance Engagements Other than Audit and Review Engagements to align it to changes to terms and concepts in the IAASB’s International Standard on Assurance Engagements (ISAE) 3000 (Revised),
Assurance Engagements Other than Audits or Reviews of Historical Financial Information.
Comments are requested by
June 26, 2019.
Read more
Questions about Long Association?
Fees
At its March meeting, the IESBA also considered initial proposals for possible revisions to the fee-related provisions in the Code, in particular International Independence Standards Section 410, Fees.
The IESBA will progress these deliberations at its June 2019 meeting as well, including proposed changes to fee-related provisions in the Code.
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Upcoming IESBA Meeting Dates
June 17 - 19, 2019 | National Association of State Boards of Accounting (NASBA) Office, Nashville
September 16 - 19, 2019 | American Institute of CPAs Office, New York
December 3 - 6, 2019 | IFAC Office, New York
Register to attend the IESBA meeting.