Member comments are sought on exposure draft ED 04/08 on the on the proposed APESB standard APES 215 Forensic accounting services by Friday 1 August.

The standard sets out mandatory requirements and guidance for members who provide forensic accounting services. APES 215 will replace APS 11 Statement of forensic accounting standards and GN2 Forensic accounting, which were issued in December 2002.

Proposed APES 215 includes mandatory requirements and guidance in respect of:

• fundamental responsibilities of members
• professional competence of members providing forensic accounting services
• confidentiality requirements
• professional engagement matters
• expert witness services, lay witness services, consulting expert services and investigation services
• quality control requirements
• professional fees

The fundamental difference between the proposed APES 215 and APS 11 and GN2 is that, APES 215 will also apply to members in business who provide forensic accounting services to their employers.

Further information

• forward your feedback to Denis Pratt, director professional standards, at denis.pratt@cpaaustralia.com.au
• view the exposure draft on the APESB website