Consultation response

12 February 2015

FEE comments on the IESBA Consultation Improving the Structure of the Code of Ethics for Professional Accountants

 

With this consultation, IESBA seeks input from stakeholders on ‘approaches that could be taken to improve the clarity and usability of the Code, thereby facilitating its adoption, effective implementation, and consistent application’.

FEE agrees with the consultation’s emphasis on the importance of the principles-based conceptual framework and how it serves to protect fundamental ethical principles. For FEE, the primary objective of this restructuring exercise should be to make the Code clearer and more understandable. In its response, FEE outlines a few points which it believes require further consideration. For instance, it would be advantageous to distinguish between the fundamental principles and other concepts that were derived from such principles, or, in other words, to differentiate between provisions that deal with ethical requirements and those provisions that require formal compliance and enforceability. In addition, FEE recommends that the existing link between the Code, ISQC 1 and ISAs be maintained.

 

Related files:

 FEE Comments on Improving the Structure of the Code

 

Related links:

Consultation paper: Improving the Structure of the Code of Ethics for Professional Accountants

 

Related content

Consultation responseIESBA Exposure Draft on Proposed Revisions to the Code to Promote the Role and Mindset

4 November 2019

PublicationEU Directive on Whistleblower protection

7 October 2019

Team memberHarun Saki

22 July 2019

Consultation responseIESBA’s Proposes Revisions to part 4B of the Code to align with terms and concepts...

4 July 2019

EventEthics and public financial management

12 June 2019

SpeechCorporate Governance as the Enabler of Sustainable Growth

2 April 2019

Consultation responseIESBA’s consultation paper on professional skepticism – meeting public expectations

15 August 2018

Consultation responseIESBA’s Proposed Strategy and Work Plan 2019 – 2023

16 July 2018

Consultation responseIOSCO’s report on good practices for audit committees in supporting audit quality

16 July 2018

Consultation responseIESBA’s fees questionnaire

1 March 2018

Consultation responseIOSCO’s Monitoring Group consultation

31 January 2018

Consultation responseIESBA’s Exposure Draft proposed revisions to the Code pertaining to the offering and accepting of...

8 December 2017

UpdateSME Update

24 November 2017

Consultation responseIESBA Strategy Survey April 2017

1 August 2017

PublicationThe role of professional accountants in tax

20 July 2017

Consultation responseIESBA Proposed Application Material Relating to Professional Skepticism and Professional Judgment

14 July 2017

Press releasePress release – Accountancy Europe says EC tax intermediary proposal can support better tax transparency,...

22 June 2017

EventMaking whistleblowing work for everyone

6 June 2017

Consultation responseEuropean Commission on whistleblower protection

24 May 2017

Consultation responseIESBA Exposure Draft Improving the Structure of the Code of Ethics for Professional Accountants –...

24 May 2017

Sign up for our newsletter