IRBA Newsletter Issue 49

Issue 49 | January - March 2020 6 ETHICS cont. • Factors to consider in evaluating the level of the identified threats; and • Suggested actions that might be safeguards to address the threats. The IRBA Code adopted the IESBA Code, issued during 2018, following the issue of proposed amendments on exposure in South Africa, together with South African enhancements. All amendments to the IRBA Code are in line with the IESBA Code. It is proposed that these IESBA Code amendments will be incorporated into the IRBA Code. In accordance with the provisions of Section 10(1)(a) of the Auditing Profession Act, the IRBA may, by notice in the Government Gazette and pursuant to the provisions of Section 4(1)(c) of the Act, publish, for public information and comment, an amendment to the IRBA Code. Accordingly, Board Notice 9 of 2020 was published in Government Gazette 43015 on 14 February 2020 for public comment for a minimum period of 30 days. Request for Comments We invite registered auditors and others to submit any comments regarding the NAS and Fees EDs to the IRBA for consideration, as we prepare our response to the IESBA. Comments, in Word and PDF formats, should be addressed to standards@irba.co.za and submitted by 9 April 2020 . Alternatively, comments may be submitted directly to the IESBA through the IESBA website, which has a “Submit a Comment” link on the Exposure Drafts and Consultation Papers page. Comments to the IESBA close on 4 May 2020 . The comment period relating to the Objectivity of the EQR ED has already closed. The three EDs are available in PDF formats and may be downloaded from the IRBA website . INTERNATIONAL ETHICS STANDARDS BOARD FOR ACCOUNTANTS IESBA Report Exploring the Ethical Implications of Technology for Accountants The IESBA recently released a report exploring the ethical implications of technology on the accounting, assurance and finance functions. This report is the culmination of the first phase of fact-finding work the global ethics standard-setting board initiated in recognition of the pace and magnitude of change caused by disruptive technological innovations. The report may be downloaded from the IESBA website . IESBA Projects in Progress • Role and Mindset. • Definition of PIE and Listed Entity. • Engagement Teams/Group Audits. • Technology. • IAASB-IESBA Coordination. More information on these projects is available on the IESBA website . Should you have any further queries, please email standards@irba. co.za . Imran Vanker Director Standards Telephone: (087) 940-8838 Fax: (086) 575-6535 E-mail: standards@irba.co.za