APB finalises amendments to Ethical Standards
News types: Publications
Published: 16 December 2011
APB PN 156
The Auditing Practices Board (APB) today publishes two amendments to the Ethical Standards for Auditors. These involve:
The Auditing Practices Board (APB) today publishes two amendments to the Ethical Standards for Auditors. These involve:
- Extending until 31 December 2014 the transitional arrangement for tax services provided on a contingency fee basis where contracts were entered into prior to 31 December 2010.
- Amending the appendix in Ethical Standard 1 to provide a simplified illustrative template for communicating information on audit and non-audit services to those charged with governance which reflects amended UK regulations on auditor remuneration disclosures.
- ES 1 (Revised) - Integrity, objectivity and independence (PDF)
- ES 5 (Revised) - Non-audit services provided to audited entities (PDF)
- Feedback Paper: December 2011 (PDF)
Notes to Editors
- The FRC is the UK’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment.
- The APB is committed to leading the development of auditing practice in the United Kingdom and the Republic of Ireland so as to:
- establish high standards of auditing;
- meet the developing needs of users of financial information; and
- ensure public confidence in auditing.
Document created under a former FRC operating body.