CATEGORY: NEWS AND ANNOUNCEMENTS
has today issued changes to the Code of Professional Conduct and Ethics (the
Code) for public accountants and accounting entities relating to long
association of personnel with an audit or assurance client.
changes are intended to give effect to the Close-Off Document on Changes to the
Code Addressing the Long Association of Personnel with an Audit or Assurance
Client issued by the International Ethics Standards Board for Accountants (or IESBA).1
changes are set out in the Accountants (Public Accountants) (Amendment) Rules
2018 which can be accessed here (PDF, 58KB). Subject to the transitional provision, the
revised provisions will take effect for audits of financial statements for
periods beginning on or after 15 December 2018 and for other assurance
engagements from 15 December 2018.
text of the changes in the Code reproduces, with the permission of IFAC, all or
part of the relevant close-off document issued by IESBA and published by
IFAC. Reproduction of such text is allowed
within Singapore for non-commercial purposes only. All other existing rights are reserved. Further information can be obtained from IFAC
at www.ifac.org or by
writing to firstname.lastname@example.org.