APES 110 Code of Ethics for Professional Accountants

48669 Words Sep 26th, 2011 195 Pages
APES 110 Code of Ethics for Professional Accountants
[Supersedes APES 110 Code of Ethics for Professional Accountants (Issued in June 2006 and subsequently amended in February 2008)] ISSUED: December 2010

Copyright © 2010 Accounting Professional & Ethical Standards Board Limited (“APESB”). All rights reserved. Apart from fair dealing for the purpose of study, research, criticism and review as permitted by the Copyright Act 1968, no part of these materials may be reproduced, modified, or reused or redistributed for any commercial purpose, or distributed to a third party for any such purpose, without the prior written permission of APESB. Any permitted reproduction including fair dealing must acknowledge APESB as the source of any such
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[AUST] PREFACE: SECTIONS 290 AND 291 ................................................................ 40

PART C: MEMBERS IN BUSINESS ............................................................................ 120

TRANSITIONAL PROVISIONS .................................................................................... 132 CONFORMITY WITH INTERNATIONAL PRONOUNCEMENTS ........................... 133

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SCOPE AND APPLICATION Accounting Professional & Ethical Standards Board Limited (APESB) issues APES 110 Code of Ethics for Professional Accountants (this Code). This Code is operative from 1 July 2011 and supersedes APES 110 Code of Ethics for Professional Accountants (issued in June 2006 and subsequently amended in February 2008). Earlier adoption of this Code is permitted. Transitional provisions relating to Public Interest Entities, partner rotation, non-assurance services, Fees – relative size, compensation and evaluation policies apply from the date specified in the respective transitional provisions (refer page 132). All Members in Australia shall comply with APES 110 including when providing Professional Services in an honorary capacity. All Members practicing outside of Australia shall comply with APES 110 to the extent to which they are not prevented from so doing by specific requirements of local laws and/or regulations. This Code is not intended to detract from any responsibilities which may be imposed by law or
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