CODE Website CPA Voucher 2013

CODE OF

ETHICS FOR CERTIFIED

PUBLIC ACCOUNTANTS

2

DEFINITIONS

In this Code of Ethics for the Institute of Certified Public Accountants in Ireland (ICPA) the

following expressions have the following meanings assigned to them:

Acceptable level

Advertising

A level at which a reasonable and informed third party would be likely to

conclude, weighing all the specific facts and circumstances available to

the member at that time, that compliance with the fundamental

principles is

not compromised.

The communication to the public of information as to the services or

skills provided by members in public practice with a view to procuring

professional business.

Affiliate

Assurance client

A person to whom the Registration Committe

e has granted Affiliated

Partner status.

The responsible party that is the person (or persons) who:

(a)

In a direct reporting engagement, is responsible for the subject

matter; or

(b)

In an assertion

-

based engagement, is responsible for the subject

matter information and may be responsible for the subject matter.

(For an assurance client that is a financial statement audit client see the

definition of financial statement audit client.

)

Assurance

Engagement

An engagement in which

a

member

in public practice

express a

conclusion designed to enhance the degree of confidence of the

intended users other than the responsible party about the outcome of

the evaluation or measurement of a

subject matter against criteria.

(For guidance on assurance engagements see the International

Framework for Assurance Engagements issued by the International

Auditing and Assurance Standards Board which describes the elements

and objectives of an assuran

ce engagement and identifies

engagements to which International Standards on Auditing (ISAs),

International Standards on Review Engagements (ISREs) and

International Standards on Assurance Engagements (ISAEs) apply.)

Assurance team

(a)

All members of the

engagement team for the assurance

engagement;

(b)

All others within a firm who can directly influence the outcome of the

assurance engagement, including:

(i)

those who recommend the compensation of, or who provide

direct supervisory, management or other oversight of the

assurance engagement partner in connection with the

performance of the assurance engagement. For the purposes

of a financial statement audit en

gagement this includes those

at all successively senior levels above the engagement