Consultations & Projects

This project aims to update the suite of APESB pronouncements to refer to the new quality management standards issued by the AUASB and for the reissued APES 320 Quality Management for Firms that provide Non-Assurance Services.

The revisions to APES 110 Code of Ethics for Professional Accountants (including Independence Standards) for the new quality management standards are addressed in a separate APESB project 'Quality Management Conforming Amendments to the Code'.

This project aims to update APES 110 Code of Ethics for Professional Accountants (including Independence Standards) to refer to the new quality management standards issued by the AUASB and for the reissued APES 320 Quality Management for Firms that provide Non-Assurance Services.

The revisions to other APESB pronouncements for the new quality management standards are addressed in a separate APESB project 'Quality Management Conforming Amendments to other APESB pronouncements'.

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 aims to review and revise APES 215 Forensic Accounting Services including examples of forensic accounting services.

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) (the Code).

In May 2021, APESB issued exposure draft ED 03/21 Proposed revisions to Fee-related provisions of APES 110 Code of Ethics for Professional Accountants (including Independence Standards). Submissions for this exposure draft are listed on the projects page.

In March 2022, APESB determined to re-expose the referral source provisions of the Code. The amended proposals for these provisions are outlined in Exposure Draft 01/22 Proposed revisions to Fee-related provisions of APES 110 Code of Ethics for Professional Accountants (including Independence Standards).

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 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 reissue APES 320 Quality Control for Firms as APES 320 Quality Management for Firms that provide Non-Assurance Services.

This project is now completed with the reissue of APES 320 as Quality Management for Firms that provide Non-Assurance Services in February 2022. The reissued APES 320 is effective from 1 January 2023, with early adoption permitted.

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 is now completed with the amending standard issued on 18 February 2022. The amending standard is effective from 1 January 2023, with early adoption permitted.

This project aims to revise APES 330 Insolvency Services (APES 330) to address the Federal Government's insolvency reforms to assist small businesses.

This project is now complete. The revised APES 330 was issued on 15 December 2021 and is effective from 1 April 2022, with early adoption permitted.

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.