1 / 9

Non-Assurance Services

Explore updated NAS provisions, management responsibilities, and emergency exceptions. Develop communication paper to highlight Code's robust NAS provisions. Address taxation, valuation, and internal audit services. Stay informed on recent Task Force developments and project objectives. Timing set for project milestones.

stevenwilliams
Download Presentation

Non-Assurance Services

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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?

More Related