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IESBA Staff Alert – Private Equity Investment in Accounting Firms

Private equity (PE) investment in accounting firms has grown significantly over the past five years in a number of major jurisdictions. A Staff Alert highlighting key ethical matters that accounting firms should pay particular attention to when considering or accepting investment from PE organizations has today been issued by the International Ethics Standards Board for Accountants (IESBA).

This Staff Alert draws the attention of professional accountants in public practice, particularly accounting firm leadership, to important ethics and independence provisions in the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code) that remain applicable both before and after PE investment in an accounting firm. The Staff Alert highlights various possible ethical and independence implications arising from PE investment in accounting firms.


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