FRC Ethical Standard - Effective Date

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The FRC has clarified that its recently revised Ethical Standard should say the following at paragraph 1.79

"Firms may complete engagements relating to periods commencing before 17 June 2016 in accordance with existing ethical standards, putting in place any necessary changes in the subsequent engagement period."

The current draft incorrectly states the following.

"Firms may complete engagements relating to periods ending before 17 June 2016 in accordance with existing ethical standards, putting in place any necessary changes in the subsequent engagement period."

Topics

  • Corporate and financial reporting
  • Ethics and integrity research

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