IESBA releases summary of prohibitions for Public Interest Entity Audits
Mar 18, 2024
On March 18, 2024, the Staff of the International Ethics Standards Board for Accountants (IESBA) released a high-level summary of prohibitions in the International Code of Ethics for Professional Accountants, especially about independence for audits of public interest entities (PIEs).
The high-level summary is designed to highlight non-assurance services, relationships, interests or circumstances that are prohibited for PIE audits. It will be a valuable reference to stakeholders, including regulators and audit oversight bodies, audit firms and individual audit practitioners, the corporate governance community, investors, preparers, and educational bodies or institutions.
The high-level summary is not a substitute for reading the Code.
Access the press release and the summary on the IESBA’s website.
