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.
Proposed revisions to the Code relating to the definition of Engagement Team and Group Audit is based on an IESBA project.
Please refer to Project Development Tab for information on this project.
Board Papers 2023
Proposed revisions to the Code of Ethics for the definition of Engagement Team and Group Audits
Proposed ED 01 23 ET GA in APES 110 (Marked-up) (BM 118 - Feb 2023)
Proposed ED 01 23 ET GA in APES 110 (Clean) (BM 118 - Feb 2023)
Submissions to the IESBA's proposals
Proposed Revisions to APES 110 Code of Ethics for Professional Accountants (including Independence Standards) Relating to the Definition of Engagement Team and Group Audits
Project in progress.
Access APESB pronouncements on the go.