Transcript Non-Assurance Services Isabelle Sapet, IESBA Deputy Chair IESBA Meeting September 16-18, 2013 Sydney, Australia Page 1

Non-Assurance Services
Isabelle Sapet, IESBA Deputy
Chair
IESBA Meeting
September 16-18, 2013
Sydney, Australia
Page 1
Conclusions from June 2013 IESBA Meeting
• Revise the non-assurance services (NAS) project proposal:
– Clarify provisions of management responsibility
– Clarify the phrase “routine and mechanical” within bookkeeping services
– Examine “emergency exceptions” within bookkeeping and taxation services
• Develop a paper as a communication vehicle to:
– Raise awareness of the Code’s approach to NAS
– Emphasize the robustness of the Code’s NAS provisions
– Highlight potential supplementary approaches
The paper will also address taxation, valuation and internal audit services
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Recent Task Force Developments
• Task Force met in August to finalize the project proposal
and construct an outline of the NAS paper
• Task Force is requesting Board to:
– Approve the project proposal (Agenda Item 8-A)
– Provide feedback concerning the NAS paper outline (Agenda Item
8-B)
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Project Proposal
• Project objective and scope (1/2)
– Clarify NAS provisions in the Code concerning management
responsibilities (290.162-166)
 Evaluate the clarity of the term and the overall guidance for consistency
in application
– Clarify the phrase “routine or mechanical” for bookkeeping
services (290.167-174)
 Consider further guidance for consistency in application
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Project Proposal
• Project objective and scope (2/2)
– Examine the “emergency exception” provisions related to
bookkeeping and taxation services (290.172-174 ; 290 185-186)
 Consider the appropriateness for continued inclusion in the Code
– Propose necessary conforming changes to Section 291 resulting
from any of the potential changes to Section 290
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NAS Paper Outline
• NAS Paper Outline
– Introduction
– Context
– NAS issues
– Development of Code
– How Code addresses issues
– Analysis and conclusions (including taxation, valuation & internal audit)
– Matters for further consideration
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Timing for NAS Project
• September 2013 – Approval of project proposal
• April 2014 – Approval of exposure draft
• July 2014 – Approval of final NAS paper
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Questions?
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