The International Auditing and Assurance Standards Board (IAASB) has opened a consultation on proposed narrow-scope amendments to achieve greater convergence with the International Ethics Standards Board for Accountants' (IESBA's) Code of Ethics (the Code), a news release said.
The IAASB's proposed revisions have two key objectives, the release said. "First, they would align definitions and requirements in IAASB standards with new definitions for publicly traded and public-interest entities (PIE) in the IESBA Code," the release said. "Second, the amendments would