Proposed changes to the Code of Ethics around using the work of an External Expert

The International Ethics Standards Board of Accountants (IESBA) are proposing changes to their Code around Using the Work of an External Expert.

Feature Image

The Exposure Draft proposes an ethical framework to guide financial auditors and/or sustainability assurance practitioners to evaluate whether an external expert has the necessary competence, capabilities and objectivity to use that expert’s work for the intended purposes. The proposals also include provisions to aid in applying the Code’s conceptual framework when using the work of an external expert. 

Exposure Draft

IESBA’s exposure draft and explanatory memorandum on Using the Work of an External Expert

We are keen to hear your views on the proposals to inform our submission to IESBA.

The key questions we are interested in hearing your views on:

  • Are the proposed revisions at the right level for New Zealand and are there any New Zealand specific considerations?
  • Are the proposals sufficiently profession agnostic to be implemented by all financial auditors and sustainability assurance practitioners?

Our summary of the significant changes is included here.


The XRB consultation period finished 15 April 2024.