NEW YORK- The International Ethics Standards Board for Accountants (IESBA) has issued on May 30, 2008 a re-exposure draft of proposals to strengthen two areas of the independence requirements contained in the IFAC Code of Ethics for Professional Accountants (the Code).
The proposals re-exposed for comment relate to the provision of internal audit services to a public interest audit client and the safeguards that are required when the fees from a public interest audit client exceed 15 percent of the total fees of the firm.
Comments on the exposure draft are requested by August 31, 2008.
To view the exposure draft please visit the following website: http://www.ifac.org/EDs.
The IESBA, an independent setting board within the International Federation of Accountants (IFAC), is dedicated to develop ethical standards and guidance for use by professional accountants.
For more information, please visit the following website:
www.ifac.org