Amendments to Code of Ethics

Amendments to Code of Ethics

The External Reporting Board (XRB) has recently issued Amendments to Professional and Ethical Standard 1: Technology-related Revisions to ensure the Code of Ethics effectively addresses the increasing use of technology.


Key changes include:

  • Identifying threats associated with the use of technology
  • Factors to consider when using technology such as intended purpose
    and controls
  • Expanding independence requirements to areas like licensing technology or hosting data
  • Clarification on protecting the confidentiality of information or data

The amendments align with international revisions and are effective for periods beginning on or after 15 December 2024.

For more on the above, please contact your local BDO representative.