This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IESBA Revises Part 4B of the International Code of Ethics

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

Jan 03, 2020

On January 3, 2020, the International Ethics Standards Board for Accountants (IESBA) released Revisions to Part 4B of the Code to Reflect Terms and Concepts Used in ISAE 3000 (Revised). Part 4B of the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code) comprises the independence standards for assurance engagements other than audit and review engagements.

The main revisions, developed in coordination with the IAASB, include:

  • Changes in key terminology, including a revised definition of the term “assurance client”;
  • Amendments to certain independence requirements in light of the revised assurance client definition;
  • Greater clarity as to the parties to an assurance engagement and their roles and responsibilities, and the related independence requirements that apply; and
  • A clearer distinction between the types of assurance engagement covered in Parts 4A (addressing independence for audit and review engagements) and 4B of the Code.

Review the press release on the IESBA's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.