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’s proposed revisions to the definitions of listed entity and public interest entity in the...

5 May 2021

Podcast Ethics, digitalisation and accounting

16 December 2020

Consultation responseIESBA’s proposed revisions to the fee-related provisions of the code

10 June 2020

Consultation responseIESBA’s proposed revisions to the non-assurance services provisions of the code

10 June 2020

Consultation responseIESBA’s exposure draft on proposed revision to the code addressing the objectivity of engagement quality...

7 April 2020

EventSustainable Finance: What comes before reporting?

29 January 2020

BlogAccountants can change the world

23 January 2020

Stories from PracticeDeveloping a values-driven workplace in Romania

6 January 2020

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

Sign up for our newsletter

* indicates required
Would you like to subscribe to our newsletter?
On which topics would you like to receive news?