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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
100Introduction and Fundamental Principles
110Integrity
120Objectivity
130Professional Competence and Due Care
140Confidentiality
150Professional Behavior

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

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

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