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

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 2023, which incorporates the restructured Code and the seven amending standards issued up to June 2023 including the Part 4B, Role and Mindset, Engagement Quality Reviewer, Fees, QM Conforming Amendments, Non-Assurance Services and the Definition of Engagement Team and Group Audits amending standards.

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 review APES GN 30 Outsourced Services (APES GN 30) to address matters raised during a post implementation review conducted in 2022.

This project is now closed with a revised APES GN 30 being issued on 14 September 2023. The guidance note is effective from the date of release.

This project aims to review and revise APES 225 Valuation Services including considering the impact of technology on valuation services.

This project is now complete. The revised APES 225 was issued on 11 September 2023 and is effective from 1 January 2024, 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.

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

This project is now complete. The revised APES 215 was issued on 23 June 2023 and is effective from 1 October 2023, with early adoption permitted.

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

This project is now completed with the amending standard issued on 21 December 2022. The amending standard is effective from 1 July 2023, with early adoption permitted.