Icanz has reviewed code

By Deborah Hill Cone

Friday 16th July 2004

Icanz chief executive Garry Muriwai says the institute has been looking at the issue of conflicts of interest for some time and has reviewed its code of ethics.

Changes included tighter disclosure requirements, such as requiring member firms to state how much they were booking for non-audit services.

"We have put in place questions that need to be answered rather than rules. If you have a rule people find a way around it; [this way] you have to show how you are in keeping with principles."

Muriwai said he would be interested to hear Mr Sheppard's ideas about whether Icanz should be going even further, which was something it was constantly talking about and reviewing.

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