Exposure Draft re Amendments PIEs

01 August 2022
Accounting
South African Accounting Academy

The proposed amendments will help operationalize recently approved changes to the International Ethics Standards Board for Accountants' (IESBA) International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code) that are related to listed and public interest entities.

The changes to the IESBA Code require firms to publicly disclose when the independence requirements for public interest entities have been applied in an audit of financial statements.

Comments due by 12 September 2022 to IRBA and by 4 October 2022 to the IAASB

Click here to download the Exposure Draft:

https://www.irba.co.za/upload/IAASB-Exposure-Draft-Amendments-Public-Interest-Entities.pdf

Relevance to Auditors, Independent Reviewers & Accountants:

As an auditor and independent reviewer, you need to perform your engagements in accordance with the auditing, assurance and related services standards.
Thus, you need to be aware of the revisions of these international standards.

To stay current with all the latest changes and updates subscribe to our Monthly Compliance and Legislative Update series for R 250.00 per month. This gives you access to a monthly 2-hour webinar and monthly newsletter:
https://accountingacademy.co.za/profession/monthly-legislation-update

Get all your CPD online. SA Accounting Academy (SAAA) offers Subscription Plans, Live Webinars, Webinars On-Demand, Access to Experts, Courses, Articles and more:
https://cpd.accountingacademy.co.za.