• archived-local-and-international-news---ep-100

ISCA Issues Revised Code of Professional Conduct and Ethics

Pursuant to the recent updates to the Code of Ethics for Professional Accountants by IESBA (IESBA Code) and the issuance of the revised Code of Professional Conduct and Ethics for Public Accountants and Accounting Entities by ACRA (ACRA Code) earlier this year, ISCA has issued its revised Code of Professional Conduct and Ethics (ISCA Code) to be in line with the IESBA Code 2015 and ACRA Code.

Please click here for the revised ISCA Code.

Parts A and B of the revised ISCA Code are similar to the revised ACRA Code except for: 

a) A section at the end of the revised ISCA Code titled “Changes to the Code Addressing Certain Non-Assurance Services Provisions for Audit and Assurance Clients” which tracks future amendments to provisions on non-assurance services (NAS) (pages 133-139). These provisions on NAS were issued by the IESBA in April 2015; and 

b) Part B of the revised ISCA Code which includes Interpretation 2005-01 (pages 107- 110). This pertains to guidance on the application of the independence requirements contained in Section 291 to assurance engagements that are not financial statement engagements. The revised ACRA Code does not include Interpretation 2005-01. 

Part C of the revised ISCA Code has been updated to be aligned with Part C of the IESBA Code 2015. 

Effective dates 

-  The revised ISCA Code will be effective from 1 January 2016; and

-  The amendments to the NAS provisions [mentioned in (a) above] will be effective on 15 April 2016, except for changes to Section 290, which will be effective for audits of financial statements for periods commencing on or after 15 April 2016.


Read more