Consultations & Projects

This project aims to review and revise the Non-Assurance Services related provisions in APES 110 Code of Ethics for Professional Accountants (including Independence Standards).

This project aims to review and revise the fee-related provisions of APES 110 Code of Ethics for Professional Accountants (including Independence Standards).

This project aims to assess the Government’s insolvency reforms legislation and determine its impact on APES 330 Insolvency Services.

This project aims to include provisions in APES 110 Code of Ethics for Professional Accountants (including Independence Standards) to address the threats to objectivity of engagement quality reviewers and other appropriate reviewers.

This project aims to review and revise APES 320 Quality Control for Firms

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.

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 review APES GN 30 Outsourced Services (APES GN 30) and its use and effectiveness in public practice. The project also considered revisions to align with the revised APES 305 Terms of Engagement (Dec 2020) which is effective for engagements commencing on or after 1 July 2021.

This project is now complete. The revised Guidance Note was issued on 25 June 2021 and is effective from the date of issue.

Accounting Professional & Ethical Standards Board Limited (APESB) proposes revisions to APES 110 Code of Ethics for Professional Accountants (including Independence Standards) to promote the Role and Mindset expected of Professional Accountants.

This project is now completed with the amending standard issued 31 March 2021, which becomes effective from 1 January 2022.

This project aims to clarify how the new whistleblowing legislation interacts with the professional and ethical obligations of professional accountants set out in APESB pronouncements.

This project is now complete. The Whistleblowing & Confidentiality - APESB Technical Staff Publication was issued on 5 February 2021.

Key revisions to Part 4B of the Code include amendments to requirements and application paragraphs to reflect the two types of assurance engagements, attestation engagements and direct engagements, which are referred to in auditing and assurance standards. These amendments clarify the independence requirements for attestation engagements and amend the definition of an Assurance Engagement.

The project is now complete and the Amending Standard was issued on 30 September 2020 with an effective date of 1 July 2021.