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APESB and IESBA staff collaborate on ethics guidance for professional accountants navigating COVID-19 circumstances

  • IESBA (International Ethics Standards Board for Accountants) (lt gray) Image

Jul 31, 2020

On July 31, 2020, the Staff of the Accounting Professional & Ethical Standards Board (APESB) and the International Ethics Standards Board for Accountants (IESBA) released a publication that illustrates the application of the IESBA Code to scenarios in taxation and valuation services.

The publication, Applying the Code’s Conceptual Framework in COVID-19 Circumstances: Scenarios in Taxation and Valuation Services, provides guidance to professional accountants in applying the conceptual framework in the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code) during certain circumstances brought on by the COVID-19 pandemic.

The publication uses four hypothetical scenarios covering services or activities relating to taxation and valuation services. Two scenarios include guidance for professional accountants in public practice, and two scenarios are focused on professional accountants in business.

Review the press release on the IESBA's website.

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