Auditor Rotation

  • Professional & Ethical

The NZAuASB has approved the long association provisions in PES 1 (Revised) in line with changes finalised by the International Ethics Standards Board for Accountants (IESBA).  These amend the general provisions, but will have the biggest impact for the audit of a public interest entity (PIE). 

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


Download these documents for more detail about why the requirements are changing and what the most significant changes are.

PDF file icon ED NZAuASB 2017-1 

The Exposure Draft gives more detail about why the requirements have changed and what the most significant changes are.

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.