Submission on Proposed Technology-Related Revisions to the Code
Proposed Amendments to Fee-Related provisions of APES 110 Code of Ethics for Professional Accountants (including Independence Standards).
In brief
- CA ANZ is supportive of the proposed amendments to the Code of Ethics for Professional Accountants (including Independence Standards) to address technology related threats to the fundamental principles contained in the Code
- We recommend the IESBA consider potential threats that may be created from not using technology to aid outputs
The International Ethics Standards Board for Accountants (IESBA) called for submissions on Exposure Draft (ED) Proposed Technology-Related Revisions to the Code of Ethics for Professional Accountants (including Independence Standards).
The purpose of the ED was to focus on developments in technology and to address the risks posed by using relying on its outputs. The proposed revisions have been developed in a principles-based manner in order to preserve the relevance of the Code as technology evolves.
The technology-related revisions build on recent revisions to the Code, including those arising from the Role and Mindset and NAS projects.
CA ANZ continues to support a principles-based Code which addresses qualitative behaviours of professional accountants. CA ANZ is broadly supportive of the proposed revisions to the Code. The proposed revisions assist professional accountants when considering potential threats created using technology in delivering engagements, and how to best mitigate those risks.
