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ISCA Issues EP 100 Exposure Draft to Adopt Technology-related Revisions to the Code

ISCA issues the Exposure Draft – Proposed Changes to EP 100 Code of Professional Conduct and Ethics (EP 100 ED) for public consultation to adopt the IESBA’s final pronouncement, Technology-related Revisions to the Code, (Technology FP) with a proposed effective date of 15 December 2024.

The technology-related revisions to the Code will guide the ethical mindset and behaviour of professional accountants as they take advantage of the opportunities created by technology and adapt to new technology. The EP 100 ED proposes to adopt the Technology FP in entirety. No changes to SG provisions are necessary for purposes of local adaptation as EP 100.

The key revisions to EP 100 to adopt the Technology FP are as follows:

  • Provide guidance fit for the digital age in relation to the fundamental principles of professional competence and due care, and confidentiality, as well as in dealing with complex circumstances.
  • Enhance the Code’s robustness in guiding the mindset and behaviour of professional accountants when they use technology.
  • Strengthen the independence standards by addressing the circumstances in which firms and network firms may or may not provide a technology-related non-assurance service to an audit or assurance client.

Please send your comments on the EP 100 ED to adopt the Technology FP to professionalstandards@isca.org.sg by 20 November 2023.


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