PES 1

Code of Ethics for Assurance Practitioners

The Code is based on a number of fundamental principles that express the basic tenets of professional and ethical behaviour and conduct.

Assurance practitioners must abide by these fundamental principles when performing assurance engagements.

  • PES 1 – Effective on 31 Dec 2021 (early adoption permitted)

    Date of issue: Dec 2018

    Date compiled: 20 Sep 2021

Amendments

Please see the IESBA Q&A on recently revised non-assurance services provisions.

We have also issued our own XRB Staff guidance: summary of the prohibitions relating to the provision of non-assurance services.

  • PES 1 – Quality Management-related Conforming and other contextual amendments – Effective on 15 Dec 2022 (early adoption permitted)

    Date of issue: Aug 2022

  • PES 1 - Non-assurance services Amendments - Effective 15 Dec 2022 (early adoption permitted)

    Date of issue: Jun 2022


    Additional material: PES 1 NAS Explanation for decisions made
  • PES 1 - Fees Amendment – Effective 15 Dec 2022 (early adoption permitted)

    Date of issue: Mar 2022


    Additional material: IESBA staff Q&A - fees
  • PES 1 - Objectivity Amendments – Effective 15 Dec 2022 (early adoption permitted)

    Date of issue: Jul 2021

New version not yet mandatory

  • PES 1 – Effective on 15 Dec 2022 (early adoption permitted)

    Date of issue: Dec 2018

    Date compiled to: 18 Aug 2022

Previous versions

  • PES 1 – Effective on 15 Jun 2021 (early adoption permitted)

    Date of issue: Dec 2018

    Date compiled: 20 Apr 2021

  • PES 1 – Effective on 15 Dec 2020 (early adoption permitted)

    Date of issue: Dec 2018

    Date compiled: 15 Dec 2020