This update was first published in the April 2012 UK edition of Accounting and Business magazine.
The APB has recently published its compendium of Standards and Guidance 2012. The process of bringing the compendium together resulted in some editorial changes to certain standards.
In particular, the references in ISAs to the International Federation of Accountants’ Code of Ethics for Professional Accountants have been amended to recognise that the code is now known as the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants.
Corresponding changes have been made to the individual standards on the APB’s website.
Yvonne Lang, director, and Kern Roberts, associate director, Smith & Williamson