Date posted: 18/08/2020 3 min read

The International Code of Ethics and COVID-19

APESB and IESBA have developed scenarios in taxation and valuation services to assist professional accountants in business and public practice

In Brief

  • Guidance for professional accountants in applying the code during COVID-19
  • Scenarios for professional accountants in business and public practice
  • A reminder to always reference the code

The Accounting Professional & Ethical Standards Board (APESB) and the International Ethics Standards Board for Accountants (IESBA) have released a guide on ethics during COVID-19.

The publication, Applying the Code’s Conceptual Framework in COVID-19 Circumstances: Scenarios in Taxation and Valuation Services, provides guidance on applying the conceptual framework in the International Code of Ethics for Professional Accountants (including International Independence Standards) during the COVID-19 pandemic.

Four hypothetical scenarios cover services or activities relating to taxation and valuation services. These are aimed at professional accountants in public practice and professional accountants in business.

The scenarios step through the process of identifying, evaluating and addressing threats with the application of appropriate safeguards.  

It is important to note that the guidance is not meant to be exhaustive and reference to the Code itself should always be made.

Read the APESB and IESBA publication

Applying the Code's conceptual framework in COVID-19 circumstances: scenarios in taxation and valuation services

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