LATEST UPDATE

IESBA Releases Q&As on the Tax Planning and Related Services Standards in the IESBA Code

The International Ethics Standards Board for Accountants (IESBA) released a questions and answers (Q&A) publication, available on:

https://www.ethicsboard.org/publications/iesba-staff-questions-answers-tax-planning-services-and-activities?utm_source=Main+List+New&utm_campaign=07b5daec9a-EMAIL_CAMPAIGN_2025_05_08_06_39&utm_medium=email&utm_term=0_-07b5daec9a-80668708

The aim of the publication is to support the adoption and implementation of the IESBA Tax Planning and Related Services Standards, available on:

https://www.iaasb.org/publications/faq-reporting-going-concern-matters-auditor-s-report?utm_source=Main+List+New&utm_campaign=f8a890fbdd-EMAIL_CAMPAIGN_2025_05_14_04_05&utm_medium=email&utm_term=0_-f8a890fbdd-80668708

The standards provide a principles-based framework and a global ethical benchmark to guide professional accountants in public practice and in business when they provide tax planning services, or perform tax planning activities.

The Q&A publication is designed to highlight, illustrate, or explain aspects of the standards, and is intended to complement the Basis for Conclusions, available on:

https://www.ethicsboard.org/publications/basis-conclusions-revisions-code-addressing-tax-planning-and-related-services?utm_source=Main+List+New&utm_campaign=07b5daec9a-EMAIL_CAMPAIGN_2025_05_08_06_39&utm_medium=email&utm_term=0_-07b5daec9a-80668708

It will assist firms, jurisdictional standards setters, and professional accountancy organisations with adopting and/or implementing the standards, and individual professional accountants with applying them. The Q&As will also assist tax authorities, the corporate governance community, investors, business preparers, educational bodies or institutions, and other stakeholders with understanding the standards.

The Tax Planning and Related Services standards come into effect on 1 July 2025.