1. Review of Part C of the Code – Applicability
Helene Agélii – IESBA Member and Task Force Chair
IESBA Meeting
Livingstone, Zambia
December 4-8, 2017

2. Overview of the Session
Recap of September 2017 IESBA comments
Walk-through proposed texts focusing on
Refinements made by Task Force
Substantive advance input received
Board asked to raise comments about other substantive matters

3. Recap of September 2017 IESBA Comments
General support from the Board for the TF’s recommendations
Scope of requirement paragraphs
Revised examples in AM
Titles of Parts 2 and 3

4. Revisions by TF No substantive changes
Improved consistency and readability
Revised example to illustrate application of Part C to provision of professional services to PAPP client

5. Advanced Input Received as of December 3
Questions about:
Including “contractor” in paragraphs R120.4 and R300.5
Location of the applicability paragraphs in Section 300

6. Paragraphs R120.4 and R300.5
When dealing with an ethicsal issue, the professional accountant shall consider the context in which the issue has arisen or might arise. Where an individual who is a professional accountant in public practice is performing professional activities pursuant to the accountant’s employment, contractor or ownership relationship with the firm, whether as a contractor, employee or owner, the individual shall comply with the provisions in Part 2 that are applyicable to these circumstances.

7. Paragraph A1
Examples of situations in which the provisions in Part 2 might apply to a professional accountant in public practice include when:
Facing a conflict of interest such aswhen being responsible for selecting a vendor for the firm when an immediate family member of the accountant might benefit financially from the contract. The requirements and application material set out in Section 210 apply in these circumstances.
Preparing or presenting information such as preparing financial information in relation to the accountant’s client or firmthe profitability of the accountant’s client service division. The requirements and application material set out in Section 220 apply in these circumstances.

8. Paragraph A1
Being offered an inducement such as being regularly offered complimentary tickets to attend sporting events by a supplier of the firm. The requirements and application material set out in Section 250 apply in these circumstances.
Facing pressure such as being pressured by from an engagement partner to report inaccurately chargeable hours inaccurately for a client engagement. The requirements and application material set out in Section 270 apply in these circumstances.

9. Matter for IESBA Consideration
Board members are asked whether they agree with revisions to the applicability paragraphs (i.e., R120.4, R300.5 and A1 in Agenda Item 2-C)?