IESBA's Exposure Draft is aimed at strengthening the fee-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 International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code) to address fee-related provisions.
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 and aligning the fee provisions to measures already adopted in some jurisdictions.
To read the response in full, please download the consultation response document.