Communication With TCWG Prior To Provision Of Non-Assurance Services

When the audit client is a public interest entity (PIE), stakeholders have heightened expectations regarding the firm’s independence. Hence, EP 100 (revised on 7 September 2022), effective 15 December 2022, introduces the requirement for firms with PIE audit clients to obtain concurrence of TCWG prior to the provision of non-assurance services (NAS) by the firm or a network firm to that PIE audit client, its downstream controlled entities and any entity that controls that PIE directly or indirectly (the Requirement).

The article “Communication with TCWG Prior to Provision of Non-Assurance Services”, published in the January 2023 issue of ISCA journal, clarifies and sets out the ISCA Ethics Committee’s views on the possible approaches to comply with the Requirement.