Immediate family under the IESBA Code
For purposes of the IESBA Code, immediate family means a spouse or equivalent, or a dependent. The Code separately defines close family. Independence rules depend on the person’s role, the nature of a relationship or interest and applicable provisions, so evaluate the facts against the relevant edition and local requirements.
Worked example
An audit team member’s spouse holds shares in an audit client; the firm checks and resolves the applicable independence prohibition before the engagement proceeds.
Common mistake
Parents and siblings are not automatically immediate family solely because they are close relatives; do not confuse ISA numbering with IESBA Code sections.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Supporting | September 2026–June 2027 |