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15 November 2019

IFAC: IAASB seeks comment on ED of conforming amendments to the international standards as a result of the revised IESBA Code

The IAASB is requesting public comments on its ED focused on conforming amendments to the International Standards as a result of the revised International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants.

The project aims to align the IAASB’s International Standards with the revisions to the IESBA Code by way of conforming amendments, thus ensuring that the IAASB's International Standards can continue to be applied together with the IESBA Code.

“It is important that the International Standards acknowledge the enhancements made to the IESBA Code and achieve alignment to the fullest extent possible on overlapping issues” said Tom Seidenstein, chair of the IAASB. “Many jurisdictions use both the International Standards and the IESBA Code and it is in the public interest that these be able to operate in concert.”

This project falls under the umbrella of IAASB-IESBA coordination, a strategic commitment of the two Boards, and builds on their overarching commitment for enhanced connectivity and coordination to better serve the public interest.

Comments are to be received no later than January 10, 2020.

Full press release on IFAC


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