This part of the Code explains the overarching responsibility to act in the public interest and the fundamental principles of the Code. It outlines threats to compliance with the fundamental principles and possible safeguards, as well as the conceptual framework.
The conceptual framework provides a decision-making tool to identify and deal with threats to compliance with the principles and a diagram has been developed in this overview, to provide an easy-to-follow process. An ethical conflict resolution process is also included in Part 1.
Part 1 applies to all members.
General application of the Code
In addition to the fundamentals above that apply to all members, the Code provides specific requirements for members in business part 2 of the Code and members in public practice in part 3 of the Code.
APES 110 - Code of Ethics for Professional Accountants (including Independence Standards) Part 2
APES 110 - Code of Ethics for Professional Accountants (including Independence Standards) Part 3
APESB Independence Guide Fifth Edition, May 2020
Professional and Ethical Standards 1 (New Zealand)
APES 205 - Conformity with Accounting Standards
This overview is not a replacement of the Standard and therefore should be used in conjunction with, and not instead of, the Standard
- Professional standards
APES 210 - Conformity with Auditing and Assurance Standards
This overview is not a replacement of the standard and therefore should be used in conjunction with, and not instead of, the standard
- Governance and risk