Accountancy Europe welcomes the opportunity to respond to the IAASB exposure draft on proposed narrow-scope amendments to IAASB standards arising from the IESBA’s using the work of an external expert project.
While we acknowledge the need for alignment between the IAASB standards and the revised IESBA code, we remain concerned about the direction and practical implications of the amendments, particularly the lack of flexibility and operational challenges for practitioners. We look forward to future alignment efforts being more holistic and jointly coordinated between the IAASB and IESBA.
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