IESBA’s consultation on auditor independence for CIVs and pension funds

Accountancy Europe welcomes the opportunity to respond to the International Code of Ethics for Professional Accountants’ (IESBA) consultation on enhancing independence requirements for collective investment vehicles (CIVs) and pension funds.

We believe that the current principles-based code remains the best tool to address sector-specific complexities without fragmenting the Code’s coherence.

Introducing tailored rules risks inconsistencies and may undermine global applicability. Practical challenges are better addressed through guidance and training rather than new definitions.

We do not support sector-specific revisions to the code.

Read our full response.