The International Ethics Standards Board for Accountants (IESBA) released for public comment the Exposure Draft, Proposed Quality Management-related Conforming Amendments to the Code.
The proposals aim to align the Code with the International Auditing and Assurance Standards Board's (IAASB's) suite of quality management standards, especially ISQM 1 and ISQM 2, through conforming amendments so that the Code is consistent and interoperable with these IAASB standards. The review has encompassed the recent revisions to the Code pertaining to Role & Mindset and the Non-Assurance Services and Fee-related provisions of the Code.
This project falls under the umbrella of IAASB-IESBA coordination, a strategic commitment of the two Boards, and builds on their overarching commitment for enhanced connectivity and coordination to better serve the public interes.
http://https//www.ethicsboard.org/news-events/2021-08/iesba-proposes-conforming-amendments-code-following-issuance-iaasb-s-suite-quality-management