Auditor Rotation

Professional & Ethical

The NZAuASB is proposing to amend the long association provisions in PES 1 (Revised) Code of Ethics for Assurance Practitioners in line with changes finalised by the International Ethics Standards Board for Accountants (IESBA).

These proposals amend the general provisions, but the biggest impact will be for the audit of a public interest entity (PIE). 

PDF file icon ED NZAuASB 2017-1 

This gives more detail about why the requirements are changing and what the most significant change will be.


  Frequently Asked Questions

We have prepared a series of  Frequently Asked Questions (FAQs) to assist firms and other stakeholders to adopt and implement the proposed revised long association provisions to be included within PES 1 (Revised).


Note: The IESBA is currently restructuring the revised long association provisions in accordance with the new structure and drafting conventions of the Code of Ethics for Assurance Practitioners.

This restructuring will not change the substance of the provisions.  The restructured provisions are expected to be published as part of a restructured Code during 2018.

We will update these FAQs to align with the final restructured provisions when the restructured Code is issued.