On Dec. 13, 2024, RSA GVT issued pronouncement revising IRBA Code of professional conduct for registered auditors addressing tax planning and related services.
Revisions to Section 380 Tax Planning Services and consequential revisions to Section 321 Second Opinions effective for tax planning services beginning after Jun. 30, 2025.
RSA GVT issued proposed amendment to Independent Regulatory Board for Auditors (IRBA) Code of Professional Conduct for Registered Auditors in official gazette.
Proposed revisions to IRBA code addressing tax planning and related services.
Exposure Draft
Exposure draft for proposed amendments to IRBA Code relating to addressing Tax planning and Related Services, i.e. Part 3 – Registered Auditors Performing Professional Services, proposed section 380 in the Code, is available on IRBA website.
Part 2 – Professional Accountants in Business – proposed section 280, also relates to tax planning and related services, part of exposure draft, but not adopted by IRBA.
Effectiveness
Affected stakeholders invited to submit written comments to IRBA by May 8, 2023.
Dec. 2024 Final Pronouncement
On Dec. 13, 2024, RSA GVT issued pronouncement revising IRBA Code of professional conduct for registered auditors addressing tax planning and related services.
Revisions to Section 380 Tax Planning Services and consequential revisions to Section 321 Second Opinions effective for tax planning services beginning after Jun. 30, 2025.
Early adoption will be permitted.
Regulators
RSA GVT
Entity Types
Auditor; CNSM; Corp
Reference
OG 211/51740, RN 703/2024, 12/13/2024; CP, OG 48356, RN 426/2023, 4/3/2023
