Fees

Objective

The objective of the IESBA’s Fees project is to review the provisions in the International Code of Ethics for Professional Accountants (including the International Independence Standards) (the Code) pertaining to fee-related matters. The project is responsive to a public interest need for IESBA to deal with fee-related matters, including those that impact or are perceived to impact auditor independence – both independence of mind and independence in appearance.  

The project was informed by extensive fact-finding, which include research performed by an academic and a global stakeholder survey on the topic of fees. The results of this fact-finding is summarized in a final report which was considered by the IESBA in June 2018.

Summary


Summary

IESBA June 2019 Meeting Highlights

The Board considered a first-read draft of the proposed changes to the fee-related provisions in the International Independence Standards, Section 410, Fees as well as some of the related conforming amendments to other sections.

The Board will undertake a second read of the proposed changes to the Code at its September 2019 meeting with a view to approving an exposure draft by December 2019. As part of this project, the IESBA will engage with the International Auditing and Assurance Standards Board (IAASB) on issues that overlap the remits of both Boards, including considerations relating to public disclosure, pursuant to the established operating principles for coordination.

Board Papers

CAG Papers

Other

Board Minutes

March 2019

June 2019

CAG Minutes

March 2019