The International Ethics Standards Board for Accountants (IESBA) has issued a consultation on Proposed Revisions to the Non-Assurance Services Provisions of the Code, aimed at strengthening the non-assurance services (NAS) related independence provisions of the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code).
ACCA and CA ANZ welcome the opportunity to comment on the proposals to revise the non-assurance services (NAS) provisions of the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code).
We are supportive of what the IESBA (the Board) is trying to achieve in addressing public perceptions and strengthening the International Independence Standards (IIS) within the Code. Most of the proposed changes are reasonable and represent a positive step forward, by responding to concerns about the independence of auditors. Clearly there is a need for clarifying and strengthening requirements, balanced with the importance of having a diverse multidisciplinary skill set to support high quality audits – overall, we believe the ED achieves this balance.
To read the full response, please download the consultation response document.