Close family under the IESBA Code
The IESBA Code defines close family as a parent, child or sibling who is not an immediate family member. A close family relationship can create an independence threat depending on the person’s role and relationship to the client. Apply the relevant provisions and consider applicable jurisdictional rules.
Worked example
An audit team member’s sibling holds a senior financial reporting position at the client; the firm assesses the independence implications.
Common mistake
Do not merge close family and immediate family into a single unrestricted list or assume every close-family relationship has the same consequence.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Supporting | September 2026–June 2027 |