Deadline extended for IESBA’s long association post-implementation review stakeholder survey

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May 28, 2021

On May 28, 2021, the International Ethics Standards Board for Accountants (IESBA) extended the closing date for stakeholders to submit responses to its Long Association Post-Implementation Review (LAPIR) questionnaire to June 30, 2021.

The questionnaire seeks stakeholder feedback on key matters relating to Phase 1 of the LAPIR. This feedback will help inform the IESBA’s review of the implementation of the five-year cooling-off requirement for engagement partners on audits of public interest entities in the International Independence Standards. This review is being undertaken before the “jurisdictional provision” in the Long Association standard expires for audits of financial statements for periods beginning on or after December 15, 2023. The jurisdictional provision permits jurisdictions to apply a cooling-off period less than five years subject to specified conditions.

Review the press release on the IESBA's website.

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