IFAC seeks comments on audit partner rotation

  • IFAC (International Federation of Accountants) (lt gray) Image

14 Nov 2003

The International Federation of Accountants (IFAC) has issued an exposure draft proposing to revise the Code of Ethics for Professional Accountants to clarify that an individual who has completed a predefined period in the role of lead engagement partner for an audit of a listed entity should not participate in the assurance engagement until a further period, normally two years, has elapsed.

Click to Download the IFAC Proposal (PDF 53k). Comments are due 15 February 2004.

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