Posted 24 months ago
View all articles

Ethics made easy…

  • Professional & Ethical

Misha Pieters

Misha Pieters of the XRB Assurance Standards team has put together this useful digest to highlight what you need to know about the updated Code of Ethics for Assurance Practitioners.


Are you ready for the revised and restructured Code of Ethics for Assurance Practitioners?

The updated Code is effective from 15 June 2019 and to help you better understand and apply it, the International Ethics and Stands Board for Accountants (IESBA) are launching an eCode.

XRB staff have been lucky enough to have had “hands-on” involvement in this international initiative and we look forward to bringing you a New Zealand version of the platform—possibly later this year.  We think this tool will help you to understand and apply the restructured Code.

So, what is the eCode?

It’s a web-based tool that delivers the International Code of Ethics for Professional Accountants (including International Independence Standards) in a digital platform. 

These digital features will help you navigate the Code, enable you to quickly find and drill down using an accordion design, and help you to better understand the Code, with a focus on the “building blocks” structure.

 Diagram explaining the eCode

What can you expect?

  • An interactive table of contents
  • Ease of copying, sharing and printing
  • Pop-ups with definitions and descriptions of terms
  • Colour to distinguish between Parts of the Code
  • Links to quickly navigate cross-references within the Code
  • Navigation aids to emphasise the “building block” structure
  • A search function, with filters and features to help you find what you’re looking for.
  • Links to non-authoritative resources and tools (e.g. Basis for Conclusions and staff Q&As).

Want to find out more?

Watch this short video  

Where do I find the eCode?

The IESBA launched the international eCode on 27 June .  Everyone has access to it.

The NZAuASB has adopted Parts 1, 3 and 4 of the revised and restructured International Code in New Zealand applicable to assurance practitioners, with minimal changes.  CAANZ has also adopted the updated Code, including Part 2 that applies to Professional Accountants in Business, noting that Part 2 may also apply to professional accountants in public practice, including assurance practitioners when performing professional activities pursuant to the relationship with the firm.

We are working with IESBA to find ways to incorporate the New Zealand-specific paragraphs within an eCode platform for New Zealand.

There are no posts

Post your comment

Will not be published.


Be the first to comment.