Proposed Quality Management-related Conforming Amendments to the Code
The Proposed Quality Management-related Conforming Amendments exposure draft aims to align the Code with the IAASB’s suite of quality management standards, especially ISQM 1 and ISQM 2, through conforming amendments so that the Code is consistent and interoperable with these IAASB standards. The review has encompassed the recent revisions to the Code pertaining to Role & Mindset and the Non-assurance Services and Fee-related provisions of the Code.
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.
The proposals in this Exposure Draft may be modified in light of comments received before being issued in the final pronouncement. Comments are requested by October 5, 2021.
Submitted Comment Letters
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Financial Reporting Council (UKFRC) (477.39 KB)(United Kingdom)
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Institute of Singapore Chartered Accountants (ISCA) (217.85 KB)(Singapore)
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New Zealand Auditing and Assurance Standards Board (XRB) (236.03 KB)(New Zealand)
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BDO International Limited (BDO) (110.58 KB)(United States of America)
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Japan Institute of Certified Public Accountants (JICPA) (164.96 KB)(Japan)
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Ernst & Young Global Limited (EY) (28.64 KB)(United Kingdom)
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Deloitte Touche Tohmatsu Limited (DTTL) (131.59 KB)(United States of America)
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The Korean Institute of Certified Public Accountants (KICPA) (91.3 KB)(Korea)
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Hong Kong Institute of Certified Public Accountants (HKICPA) (428.4 KB)(Hong Kong, Special Administrative Region of China)
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Institute of Chartered Accountants of Scotland (ICAS) (362.52 KB)(United Kingdom)
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AICPA Professional Ethics Executive Committee (PEEC) (137.69 KB)(United States of America)
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Institut der Wirtschaftsprüfer (IDW) (90.45 KB)(Germany)
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Accounting Professional & Ethical Standards Board (APESB) (202.13 KB)(Australia)
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Pricewaterhousecoopers International (PWC) (170.85 KB)(United Kingdom)
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Botswana Accountancy Oversight Authority (BAOA) (168.96 KB)(Botswana)
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South African Institute of Chartered Accountants (SAICA) (257.84 KB)(South Africa)
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Independent Regulatory Board for Auditors (IRBA) (387.65 KB)(South Africa)
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KPMG IFRG Limited (KPMG) (176.12 KB)(United Kingdom)
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Botswana Institute of Chartered Accountants (BICA) (647.77 KB)(Botswana)
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Grant Thornton International Ltd. (GTIL) (204.47 KB)(United Kingdom)
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RSM International (RSM) (138.13 KB)(United Kingdom)
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Chartered Professional Accountants Canada Public Trust Committee (CPAC) (284.98 KB)(Canada)