Post-implementation review of the Restructured Code
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Have your say on the restructured code of ethics We are seeking views on the clarity and usability of PES 1 International Code of Ethics for Assurance Practitioners (including International Independence Standards) (New Zealand) (the Code). |
Your input will inform our response to the International Ethics Standards Board for Accountants (IESBA) post-implementation review survey.
Share your views with us by completing the IESBA post-implementation survey and emailing it to assurance@xrb.govt.nz. Please provide your comment to the XRB by Monday 25 May 2026.
Objectives for restructuring the Code
The Code was restructured to address stakeholder concerns about structure, clarity and usability resulting in the following outcomes:
- Increased prominence to comply with the fundamental principles and apply the conceptual framework
- Requirements clearly distinguished from application material
- Increased clarity of responsibility in relation to independence
- Increased clarity of language to improve readability and understandability.
Key areas we seek your feedback on
We seek your views on whether the restructured Code has improved clarity and usability, thereby leading to more consistent application and more effective enforcement of the Code by identifying:
- Benefits from restructuring the Code
- Implementation challenges or questions regarding its implementation; and
- What actions, if any, are needed to address identified matters.