CODE OF CONDUCT

Ensuring compliance by our members to the IESB Handbook

SAIBA subscribes to the conduct and engagement standards as issued by the International Ethics Standards Board (IESB) for Accountants. Conduct standards are included in the Handbook of the Code of Ethics for Professional Accountants.

SAIBA is a legislative controlling body for accountants, accounting officers and independent reviewers. As a controlling body we are required to monitor and sanction compliance to standards of member conduct. We perform this function by ensuring compliance by our members to the IESB Handbook.

What you need to do:

Click here to view the SAIBA adopted Code of Ethics for Professional Accountants
To retain its status as a controlling body for accountants, accounting officers and independent reviewers and the members licences to perform regulated work for clients, SAIBA members are required to obtain 4-hours of ethics CPD annually.

The Code consist of the following parts:

Part A—General Application of Code
100 Introduction and Fundamental Principles
110 Integrity
120 Objectivity
130 Professional Competence and Due Care
140 Confidentiality
150 Professional Behavior

 

Part B—Professional Accountants in Public Practice
200 Introduction
210 Professional Appointment
220 Conflicts of Interest
230 Second Opinions
240 Fees and Other Types of Remuneration
250 Marketing Professional Services
260 Gifts and Hospitality
270 Custody of Client Assets
280 Objectivity―All Services
290 Independence | Audit and Review Engagements
290.1 Structure of Section
290.4 A Conceptual Framework Approach to Independence
290.13 Networks and Network Firms
290.25 Public Interest Entities
290.27 Related Entities
290.28 Those Charged with Governance
290.29 Documentation
290.30 Engagement Period
290.33 Mergers and Acquisitions
290.39 Breach of a Provision of this Section
290.100 Application of the Conceptual Framework Approach to Independence
290.102 Financial Interests
290.117 Loans and Guarantees
290.123 Business Relationships
290.126 Family and Personal Relationships
290.132 Employment with an Audit Client
290.140 Temporary Staff Assignments
290.141 Recent Service with an Audit Client
290.144 Serving as a Director or Officer of an Audit Client
290.148 Long Association of Senior Personnel (Including Partner Rotation) with an Audit Client
290.154 Provision of Non-assurance Services to an Audit Client
290.225 Compensation and Evaluation Policies
290.227 Gifts and Hospitality
290.228 Actual or Threatened Litigation
290.500 Reports that Include a Restriction on Use and Distribution
291 Independence | Other Assurance Engagements
291.1 Structure of Section
291.4 A Conceptual Framework Approach to Independence
291.12 Assurance Engagements
291.17 Assertion-Based Assurance Engagements
291.20 Direct Reporting Assurance Engagements
291.21 Reports that Include a Restriction on Use and Distribution
291.28 Multiple Responsible Parties
291.29 Documentation
291.30 Engagement Period
291.33 Breach of a Provision of this Section
291.100 Application of the Conceptual Framework Approach to Independence
291.104 Financial Interests
291.112 Loans and Guarantees
291.118 Business Relationships
291.120 Family and Personal Relationships
291.126 Employment with an Assurance Client
291.130 Recent Service with an Assurance Client
291.133 Serving as a Director or Officer of an Assurance Client
291.137 Long Association of Senior Personnel with an Assurance Client
291.138 Provision of Non-assurance Services to an Assurance Client
291.149 Fees
291.156 Gifts and Hospitality
291.157 Actual or Threatened Litigation
Interpretation 2005–1

 

Part C—Professional Accountants in Business
300 Introduction
310 Conflicts of Interest
320 Preparation and Reporting of Information
330 Acting with Sufficient Expertise
340 Financial Interests, Compensation, and Incentives Linked to Financial Reporting and Decision Making
350 Inducements

 

Changes to the Code—Responding to Non–Compliance with Laws and Regulations
225 Responding to Non-Compliance with Laws and Regulations
360 Responding to Non-Compliance with Laws and Regulations
100 Introduction and Fundamental Principles
140 Confidentiality
150 Professional Behavior
210 Professional Appointment
270 Custody of Client Assets

SAIBA has adopted the IESB Code of Conduct for Professional Accountants. All members are required to adhere to these standards and SAIBA can issue a sanction against a members for non-compliance. Read more about SAIBA’s response to Non-Compliance with Laws and Regulations (NOCLAR)

SAIBA therefore requires all members and associates to complete the NOCLAR declaration by 31 March 2018.