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Non-Assurance Services

Non-Assurance Services. Isabelle Sapet , IESBA Deputy Chair IESBA Meeting September 16-18, 2013 Sydney, Australia. Conclusions from June 2013 IESBA Meeting. Revise the non-assurance services (NAS) project proposal: Clarify provisions of management responsibility

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Non-Assurance Services

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

  2. 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

  3. 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)

  4. 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

  5. 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

  6. 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

  7. Timing for NAS Project • September 2013 – Approval of project proposal • April 2014 – Approval of exposure draft • July 2014 – Approval of final NAS paper

  8. Questions?

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