From 1 January 2022, APES 110 Code of Ethics for Professional Accountants (including Independence Standards) has been revised to promote the role and mindset expected of accountants. The amendments include a new requirement for accountants to have an inquiring mind when applying the conceptual framework. New guidance is provided on professional judgement, including on matters such as bias, and organisational and firm culture.
This session will:
- Describe the role and mindset changes
- Explain how they affect accountants in public practice, commerce, industry, not-for-profits, and auditors
- Discuss how they may be implemented, and
- Recap the code’s related requirements, including Fundamental Principles and Conceptual Framework.