1. IESBA Meeting New York December 3-5, 2018
Fees Project - Update
Ian McPhee, IESBA Member and
Task Force Chair
IESBA Meeting
New York
December 3-5, 2018

2. Objectives of the Session
Receive an update on the TF’s
Activities since last IESBA meeting
Planned work and coordination until March 2019

3. Project Timing IESBA CAG and IESBA: March 2019
Issues and extract of proposed changes
May/June
IESBA NSS
IESBA: First read of proposed changes
Sept 2019
Approval of Exposure Draft

4. Activities Since September 2018 Meeting
October – SMPC and Forum of Firms
Overall support of Fees Project Proposal
November – TF Teleconference
Discussion of issues re: level of fees
December – TF Meeting in NYC
Consideration of initial draft materials for March meetings

5. Task Force’s Approach
Strengthen current provisions re level of audit fees
Consider reinforcing the responsibilities of firms and audit engagement partner for resources allocated
Enhance application materials re PAIBs’ role so as to avoid undue fee pressure
Enhance req’ts for auditor communication with TCWG about fee-related matters
Enhance transparency about fees (to TCWG and public) a

6. Planned Activities Until March 2019
Update of the Fee Staff Publication
Based on the provision of the revised and restructured Code
Coordination with NAS Task Force
Overlapping issues: achieving transparency and appropriateness of safeguards