Document ID: chunk:federal_register_of_legislation:F2020L00885:body:0:p8
Version: federal_register_of_legislation:F2020L00885
Segment Type: other
Provision Reference: 
Character Range: 21379–24602

Independence Standards) (the Code) …

26.               Footnotes 6 and 7, referenced to paragraph A9, are amended as follows:

       6.        See, for example, paragraph R320.8 Sections 210.14 of APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code).

       7.        See, for example, paragraphs R360.22-360.23 A1 Sections 225.31 of the CodeAPES 110 Code of Ethics for Professional Accountants.

Amendments to ASA 240

27.               Paragraph A6 is amended as follows:

…, the APES 110 Code of Ethics for Professional Accountants (including Independence Standards) …

28.               Footnote 15, referenced to paragraph A6, is amended as follows:

       15.    See, for example, paragraphs R360.16-360.18 A1 Sections 225.21–225.22 of the APES 110 Code of Ethics for Professional Accountants (including Independence Standards).

Amendments to ASA 250

29.               Paragraph A8 is amended as follows:

…, the APES 110 Code of Ethics for Professional Accountants (including Independence Standards) issued by the Accounting Professional &and Ethical Standards Board (the CodeAPES 110) …

30.               Footnote 11, referenced to paragraph A8, is amended as follows:

       11.    See, for example, paragraphs R360.16-360.18 A1 Sections 225.21–225.22 of the APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code).

31.               Paragraph A30 is amended as follows:

… For example, the CodeAPES 110 Code of Ethics for Professional Accountants issued by the Accounting Professional and Ethical Standards Board requires the auditor to take steps to respond to identified or suspected non-compliance with laws and regulations and determine whether further action is needed, which may include reporting to an appropriate authority outside the entity.17 The CodeAPES 110 Code of Ethics for Professional Accountants issued by the Accounting Professional and Ethical Standards Board explains that such reporting would not be considered a breach of the duty of confidentiality under the CodeAPES 110.18

32.               Footnotes 17 and 18, referenced to paragraph A30, are amended as follows:

       17.    See, for example, paragraphs 360.21 A1 and 360.25 A1–R360.27 Section 225.29 and Sections 225.33–225.36 of the CodeAPES 110 Code of Ethics for Professional Accountants.

       18.    See, for example, paragraphs R114.1, 114.1 A1, AUST 114.1 A1.1 and R360.26 Section 140.7 and Section 225.35 of the CodeAPES 110 Code of Ethics for Professional Accountants.

33.               Footnote 19, referenced to paragraph A36, is amended as follows:

       19.    See, for example, paragraph R360.28 Section 225.37 of the CodeAPES 110 Code of Ethics for Professional Accountants.

Amendments to ASA 260

34.               Paragraph 17 is amended as follows:

In the case of listed entities, the auditor shall communicate with those charged with governance:

…

         (ii) In respect of threats to independence that are not at an acceptable level, the actions taken to address the threats, including actions that were taken to eliminate the circumstances that create the threats, or applying The related safeguards