2018 Handbook of the International Code of Ethics for Professional Accountants
Price:11$
The charges exclude shipping charges
Book Publish Date
19-Jun-2019
The Handbook, issued for the first time separately from the international auditing standards, has been completely restructured in a new arrangement that makes it easier to navigate, use and enforce.
The Handbook has been revised as follows:
• NOCLAR Pronouncement—Responding to Non-Compliance with Laws and Regulations;
• Changes to the Code Addressing the Long Association of Personnel with an Audit or Assurance Client; and
• Changes to Part C of the Code Addressing Preparation and Presentation of Information and Pressure to Breach the Fundamental Principles.
The Guide incorporates several substantive additions and revisions, including:
o Clearer and more robust provisions pertaining to safeguards that are better aligned with threats to compliance with the fundamental principles and to independence.
o Strengthened independence provisions addressing the long association of personnel with an audit or assurance client.
o New and revised sections dedicated to professional accountants in business (PAIBs) relating to preparing and presenting information, pressure to breach the fundamental principles.
o Clear guidance for professional accountants in public practice (PAPPs) that relevant PAIB provisions set out in Part 2 of the Code are applicable to them.
o Strengthened provisions for PAIBs and PAPPs pertaining to the offering or accepting of inducements, including gifts and hospitality.
o New application material to emphasize the importance of understanding facts and circumstances when exercising professional judgment.
o New application material to explain how compliance with the fundamental principles supports the exercise of professional skepticism in an audit or other assurance engagement.