The APES 110 may fine, suspend or cancel registration as a company auditor for violations of its code of professional conduct.

Question

Quizplus · Accepted Answer

APES 110 refers to the Code of Ethics for Professional Accountants issued by the Accounting Professional & Ethical Standards Board (APESB) in Australia, which sets out ethical standards but does not have the authority to fine, suspend, or cancel registration as a company auditor. Such actions are typically within the purview of regulatory bodies or professional accounting organizations, not the standards themselves.

The APES 110 May Fine, Suspend or Cancel Registration as a Company