APES 110 Code of Ethics for Professional Accountants Part B

Content Summary

Part B of the Code describes how the conceptual framework described in Part A applies to members in public practice.

Members in public practice may face several circumstances that threaten compliance with the fundamental principles. For example, when a firm has undue dependence on total fees from a client a self-interest threat will be created.

Section 200 provides examples of threats that may be created in public practice and the relevant safeguards that may be applied to eliminate the threats or reduce them to an acceptable level.

Part B applies to members in public practice.

    Members in public practice