NZ Code of Ethics – technology and conforming amendments

The NZ Regulatory Board has approved amendments to the NZICA Code of Ethics (the Code) to reflect changes made to the International Code of Ethics by IESBA’s technology project (and other projects). The amendments will apply from 15 December 2024 and are primarily designed to ensure the Code is robust enough to guide the ethical behaviour of members as they navigate a landscape of evolving technology.

Proposed update to the NZ Code of Ethics – tax planning and related services

The NZ Regulatory Board has issued an invitation to comment on proposed amendments to the Code to reflect changes made to the International Code of Ethics by IESBA’s Tax Planning and Related Services project. The proposed amendments are intended to apply from 1 July 2025 and are primarily designed to strengthen ethical expectations in the Code for members when they perform tax planning services.

Submissions are due by 7 November 2024.

Proposed update of PS-2: Client Monies delayed

The NZ Regulatory Board wishes to thank all members who provided comments on its proposal to update PS-2: Clients Monies. To give all the submissions received due consideration and ensure the robustness of the resulting standard, the timeline has been amended for the approval and issue of the proposed standard, with 1 January 2026 now the proposed effective date.

Change in CPD ethics requirements

The mandatory ethics training requirement increased from 2 to 6 hours per triennium for trienniums starting on or after 1 July 2024. CA ANZ is developing ethics training and resources to assist members to comply with this updated requirement.