1. Structure of the Code Don Thomson, Task Force Chair IESBA CAG Meeting
New York, USA
September10, 2014

2. Background Prior years – Concerns expressed March 2014 – CAG input
April – Final Recommendations
– Project proposal
October – Consultation Paper
October – Exposure Draft

3. Consultation Paper Introduction Background Restructuring
Use of Language
Re-organization
6. Responsibility
7. Electronic Code
8. Illustrative examples
9. Table of Concordance

4. Consultation Paper Introduction Background Restructuring
Purpose of the project: improve usability of the Code
Background
Basis for the proposals
Restructuring
Purpose / Requirements / Explanatory material

5. Consultation Paper Use of language Re-organization of the Code
Make Code easier to understand, where possible
Re-organization of the Code
Re-numbering, re-ordering, clarifying linkage of independence to objectivity; Independence to remain integral to Code.
Identification of Responsibility
Clarification; firm policies; no change in meaning

6. Consultation Paper Electronic Code Examples of restructured Code
Improved navigability / filtering / linkages
Examples of restructured Code
From Part A (100; 120)
From Part B (200; 210; 280)
From Part B (290 – Approach; Business Relationships; Valuations)

7. CP – Illustrative Examples
Foreword will provide an overview
For all sections
Purpose, requirements, explanatory material
Clear language, defined terms identified
s.300 introduces networks and network firms
identify responsibility for firms

8. Forward timeline (tentative)
Oct'14 – IESBA – approve CP
Jan'15 – IESBA – continue review of restructured Code
Mar'15 – CAG – CP responses
Apr'15 – IESBA – CP responses
Jun-Jul'15 – IESBA – draft ED
Sep'15 – CAG – draft ED
Oct'15 – IESBA – approve ED
Early 2017 – Finalize and issue a restructured Code
Jan'18 – Code effective

9. Matters for IESBA CAG Consideration
Any Comments or Questions ?