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IESBA: Q&As on the Tax Planning and Related Services Standards in the IESBA Code
- 13 May 2025
- Ethics and Professionalism
- South African Accounting Academy
Summary:
The Staff of the International Ethics Standards Board for Accountants (IESBA) has released a questions and answers (Q&A) publication to support the adoption and implementation of the IESBA Tax Planning and Related Services Standards.
Article:
The IESBA Tax Planning and Related Services standards provide a principles-based framework and a global ethical benchmark to guide professional accountants in public practice and in business when they provide tax planning services or perform tax planning activities, respectively.
The Q&A publication is designed to highlight, illustrate, or explain aspects of the standards and is intended to complement the Basis for Conclusions for the final pronouncement.
It will assist firms, jurisdictional standards setters, and professional accountancy organizations in adopting and/or implementing the standards, and individual professional accountants in applying them. The Q&As will also assist tax authorities, the corporate governance community, investors, business preparers, educational bodies or institutions, and other stakeholders in understanding the standards.
The Tax Planning and Related Services standards come into effect on 1 July 2025.
This Q&A document contains Q&As on the following sections:
- Section 1: PAPPs and PAIBs (21 questions)
- Section 2: PAPPs only (7 questions)
Access the standards (released in April 2024) here:
- Tax Planning and Related Services Standards https://www.ethicsboard.org/publications/final-pronouncement-revisions-code-addressing-tax-planning-and-related-services
- Basis for Conclusions https://www.ethicsboard.org/publications/basis-conclusions-revisions-code-addressing-tax-planning-and-related-services
Click here to download the 13-page Q&A document:
Relevance to Auditors, Independent Reviewers & Accountants:
- As an accountant, auditor and independent reviewer, you need to comply with International Code of Professional Conduct.
- Failure to adhere to the Code may lead to disciplinary action.
- Auditors, Independent Reviewers and Accountants should be aware of the latest standards of the International code of ethics for professional accountants, as well as approved exposure drafts that have been issued.
- As an accountant, auditor and independent reviewer, you need to be aware of and consider the information contained in publications and supportive documentation issued by various professional bodies and standard-setters, e.g. IESBA, IAASB, etc. – so that you can apply this in the performance of your duties.
- As a practitioner providing tax services, you must adhere to the new global ethics standards in this regard.