Relevant ethical requirement
Relevant ethical requirements are the independence and professional conduct obligations that apply to the engagement, including applicable professional codes and law. The firm and team identify threats and comply with specific prohibitions or other requirements.
Worked example
Before accepting an audit, the firm checks whether its financial interests or proposed non-audit services are permitted.
Common mistake
Do not assume every threat can be addressed by safeguards if the code prohibits the underlying circumstance.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Supporting | September 2026–June 2027 |