CA ANZ supports the proposed amendments to APES 225 which include quality management conforming amendments, alignment of phrasing and wording to the Code of Ethics for Professional Accountants (including Independence Standards (APES 110) and the accommodation of technology-related revisions to the International Code of Ethics for Professional Accountants (including Independence Standards) (International Code).

APES 225, by its numeric codification is intended to be a standard which applies to members in business and in practice. CA ANZ therefore also supports the inclusion of applicable references to APES 110 for members in business who provide valuation services.  

APES 225 applies to all members who provide an estimate of value for a business, business ownership interest, security, intangible asset, or other asset or liability to either a client or an employer. We thank the contributions of CA ANZ's Business Valuations Committee who informed our response to request for specific comment on the use of technology in business valuations.