Revised Code of Ethics: An Overview
This complimentary 1 hour recorded webinar will provide you with an overview of both the structural and substantive changes made in the Code of Ethics and PES 1. The NZRB has approved a revised Code of Ethics that will apply to all CA ANZ members in New Zealand from 15 June 2019. In addition, the External Reporting Board (XRB) has recently issued revised PES 1 that will also apply to assurance practitioners from 15 June 2019.
The New Zealand Regulatory Board has approved a revised Code of Ethics based on the recently updated International Code of Ethics. The revised Code of Ethics apply to all CA ANZ members in New Zealand from, or for periods beginning on or after, 15 June 2019. Similarly, the External Reporting Board (XRB) has recently issued revised PES 1, International Code of Ethics for Assurance Practitioners (including International Independence Standards) (New Zealand) based on the recently updated International Code of Ethics. It will apply to all assurance practitioners on, or for periods beginning on or after, 15 June 2019. Assurance practitioners are required to comply with the Code of Ethics and PES 1. For more on the Revised Code of Ethics, click here.
Upon satisfactory completion of this webinar you will be able to:
- Explain the main features of the re-structure and re-write of the revised Code of Ethics
- Describe the main features of the substantive changes to the Code of Ethics; including the enhanced conceptual framework, preparation and presentation of information, pressure to breach the fundamental principles, inducements, new NZ provisions regarding conflicts of interest; contingent fees; and referral fees and commissions.
- Describe the main changes to PES 1 with focus on the International Independence Standards for Audit, Review and other Assurance engagements.
The Code of Ethics establishes the standard of behaviour expected of members and it reflects the accounting profession’s recognition of its public interest responsibility. Assurance Practitioners are also required to comply with PES 1. This webinar will provide you with an overview of the recent revision and re-write of both the NZICA Code of Ethics and PES 1.
Topic: Ethics & Integrity
Sub-Topic: Ethics, Ethics
Format: Recorded Webinar
Proficiency Level: Foundation, Intermediate
CPD: 1 hours