Close-Off: Changes to the Code Addressing the Long Association of Personnel with an Audit or Assurance Client

Approved by the IESBA at its December 2016 meeting, the changes to provisions addressing long association of personnel with an audit or assurance client contain a number of substantive improvements, including a strengthened partner rotation regime for audits of public interest entities.

The close-off document has been prepared in accordance with the extant structure and drafting conventions of the Code of Ethics for Professional Accountants™ (the Code). It will be used as a basis for preparing a restructured version in accordance with the new structure and drafting conventions for the Code. The formal release will be the restructured version.

• See also Restructuring the Code.