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 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.

Governance in brief — Changes to auditor independence rules

Published on: 28 Nov 2016

Audit committees should take action now to review their policy on non-audit services provided by the external auditor. For 31 December 2016 year ends, any revisions to the policy need to have been put in place by that date, and any newly prohibited services ceased by 1 January 2017. 

This Governance in brief focuses on changes to auditor independence rules in the new Ethical Standard and explains the key considerations around prohibited services, the “70% cap” on non-audit services, plus areas for interpretation and a useful table outlining prohibited services for different types of company.

Download

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.