Technology: Ethics and Independence Considerations


New technologies, such as Artificial Intelligence and Automation, are being adopted across the accounting profession and in a wide-ranging number of industries, professions and businesses. It is now vital for professional accountants to develop an understanding of these technologies and understand the professional and ethical obligations that apply to new work practices and professional services.

This page brings together information and resources on developments in professional and ethical standards for technology.

Proposed Technology-revisions to the Code

APESB Exposure Draft 05/23

On 1 September 2023, APESB issued exposure draft ED 05/23 which proposed Technology-related revisions to APES 110 Code of Ethics for Professional Accountants (including Independence Standards).

The proposed revisions in the exposure draft align with the IESBA’s revisions to the International Code incorporating technology-related considerations into the fundamental principles of Professional Competence and Due care and application material to manage technology-related complex circumstances.

APESB seeks stakeholder comments by 21 October 2023.

Auditor Independence and Technology

Joint APESB and IESBA Staff guidance publication

The Staff of APESB and the International Ethics Standards Board for Accountants (IESBA) have released a new publication, Applying the Code’s Conceptual Framework to Independence: Practical Guidance for Auditors in Technology-related Scenarios. The new publication describes key technology-related provisions in the International Code of Ethics for Professional Accountants (including International Independence Standards) (the IESBA Code). It provides auditors with three practical examples involving technology-related non-assurance services to illustrate how to apply the IESBA Code’s requirements with respect to auditor independence.

Implications of AI on the Finance Profession

CA ANZ Panel Event April 2023

At the Telstra and Australia Post Panel Event hosted by CA ANZ, APESB’s CEO Channa Wijesinghe FCPA, FCA outlined global revisions to the IESBA Code of Ethics on Technology.

The revisions apply to the use of any current and emerging technologies and guide the mindset and behaviour of professional accountants when they use technology. The revisions set out enhanced guidance for the digital age on the fundamental principles of confidentiality and professional competence and due care and provides new guidance on dealing with circumstances of complexity.


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