Consultations & Projects

This project aims to build an understanding of the rapidly progressing developments regarding sustainability reporting and assurance, and to provide timely responses to ethics and independence-related concerns.

This project aims to review APES 230 Financial Planning Services to ensure that it remains appropriate in the midst of the significant developments, including legislative and regulatory changes, that have occurred and are ongoing in the financial services industry.

This project aims to strengthen the Code in guiding professional accountants in both business and public practice when providing tax planning services to clients or performing tax planning services for employing organisations. The enhanced guidance also assists professional accountants in exercising judgment in navigating the complexities and uncertainties of tax planning and determining the appropriate course of action in the circumstances.

This project is now completed with the amending standard issued on 31 January 2025. The amending standard is effective from 1 July 2025, with early adoption permitted.

This project aims to review and revise APES 220 Taxation Services to incorporate proposed Tax Planning and Related Services amendments to APES 110, address matters on APESB's Issues Register and quality management-related conforming amendments.

This project is now complete. The revised APES 220 was issued on 31 January 2025 and is effective from 1 July 2025, with early adoption permitted.

This project aims to create a Compiled APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (Compiled Code) to enhance accessibility and usability of APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code).

A compiled Code of Ethics was issued in December 2024, which incorporates the restructured Code and the nine amending standards issued up to June 2024 including the Part 4B, Role and Mindset, Engagement Quality Reviewer, Fees, QM Conforming Amendments, Non-Assurance Services, the Definition of Engagement Team and Group Audits, the Definitions of Listed Entity and Public Interest Entity and Technology-related Revisions amending standards.

This project aims to review and revise APES 310 Client Monies to address matters on APESB's Issues Register and quality management-related conforming amendments.

This project is now complete. The revised APES 310 was issued on 15 October 2024 and is effective from 1 April 2025, with early adoption permitted.

This project aims to update the suite of APESB pronouncements to incorporate changes due to the release of the Compiled Code (June 2023) for APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code) and the subsequent release of Amending Standards for revisions to the Definitions of Listed Entity and Public Interest Entity (PIEs) in November 2023 and Technology-related revisions in June 2024.

This project is now completed, with the relevant APESB pronouncements updated to reflect the changes in the Code.

This project aims to build an understanding of how Artificial Intelligence and Digital Technology is being used by professional accountants and to determine whether additional professional and ethical obligations or guidance is required in this area to assist professional accountants.

The Technology-related revisions will impact APES 110 Code of Ethics for Professional Accountants (including Independence Standards) as well as other APESB pronouncements.

This project is now completed with the amending standard issued on 20 June 2024. The amending standard is effective from 1 January 2025, with early adoption permitted.

This project aims to review and revise the definitions of Listed Entity and Public Interest Entity in APES 110 Code of Ethics for Professional Accountants (including Independence Standards).

This project is now completed with the amending standard issued on 24 November 2023. The amending standard is effective from 1 January 2025, with early adoption permitted.

This project aims to strengthen and clarify the independence principles in the Code of Ethics that apply to individuals and firms for the audit of group financial statements. The project will also amend the definition of Engagement Team to align with auditing and assurance standards, and also clarify the implications of this change and the independence requirements that apply.

This project is now completed with the amending standard issued on 30 June 2023. The amending standard is effective from 1 January 2024, with early adoption permitted.