The International Ethics Standards Board for Accountants has released for public comment an updated exposure draft on a standard for addressing how audit firm personnel should act toward an audit or assurance client who has a long association with the firm.

The document, Limited Re-exposure of Proposed Changes to the Code Addressing the Long Association of Personnel with an Audit Client,  relates to the IESBA’s project to develop more robust and comprehensive provisions dealing with the long association of personnel with an audit or assurance client. It contains a basis for conclusions regarding proposals that have been finalized, as well as the limited re-exposure of three remaining issues. The IESBA operates under the auspices of the International Federation of Accountants.

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