IESBA issues revised Code of Ethics
The International Ethics Standards Board for Accountants (IESBA) has issued a revised Code of Ethics for Professional Accountants (the 'Code'). The Code has been written in a manner which clarifies the requirements for professional accountants, and also strengthens the independence requirements for auditors, e.g., extending independence requirements from listed entities to public interest entities, and extending partner rotation to all key audit partners. The Australian Code (APES 110) is currently being revised by the APESB, in line with changes made to the international pronouncement. So! Keep an eye out in the coming months for the issue of the revised Australian Code.