Does APES 110 Code of Ethics for accountants apply to accountants and bookkeepers?
A computed answer from the Rules Mate applicability engine, with the exact condition, the outcome for every structure and size, and the primary source.
Short answer: Yes
Yes. This obligation applies to accountants and bookkeepers whatever their structure or size. The deciding fact: Industry: Accountants & bookkeepers.
The obligation in brief
APES 110 Code of Ethics for accountants. APES 110 (issued by the Accounting Professional & Ethical Standards Board (APESB), 2020) sets fundamental principles: integrity, objectivity, professional competence + due care, confidentiality, professional behaviour. Applies threats + safeguards framework; specific sections for audit + assurance independence.
Trigger: Membership of professional accounting body.
Why accountants & bookkeepers get a different answer
Rules Mate runs its applicability engine across 9 business structures and 6 size bands for each of the 35 industries it maps. For 34 of those industries the answer for "APES 110 Code of Ethics for accountants" is no. Accountants & bookkeepers is one of the 1 where the answer is different: yes.
The deciding fact for accountants and bookkeepers: Industry: Accountants & bookkeepers.
About the industry: Professional accounting and bookkeeping firms. Captured by Tranche 2 when providing designated services such as managing client money or company formation.
Compare a professional services (general) business with 6–19 employees structured as a Pty Ltd company: the obligation does not apply (Requires industry: Accountants & bookkeepers).
Answer by business structure and size
Each cell is the engine's outcome for a business in accountants & bookkeepers with that structure and size, assuming it sells to consumers and small businesses and holds customer contact details. "Check" means the obligation turns on a fact the industry does not settle.
| Structure | No employees | 1–5 employees | 6–19 employees | 20–99 employees | 100–499 employees | 500+ employees |
|---|---|---|---|---|---|---|
| Sole trader | Yes | Yes | Yes | Yes | Yes | Yes |
| Partnership | Yes | Yes | Yes | Yes | Yes | Yes |
| Trust | Yes | Yes | Yes | Yes | Yes | Yes |
| Pty Ltd company | Yes | Yes | Yes | Yes | Yes | Yes |
| Public company | Yes | Yes | Yes | Yes | Yes | Yes |
| Not-for-profit (unregistered) | Yes | Yes | Yes | Yes | Yes | Yes |
| Registered charity | Yes | Yes | Yes | Yes | Yes | Yes |
| Super fund | Yes | Yes | Yes | Yes | Yes | Yes |
| Foreign company | Yes | Yes | Yes | Yes | Yes | Yes |
What the obligation requires
- When due
- Continuous.
- Evidence to keep
- Engagement letters with independence + scope; threats register; CPD record.
- Maximum penalty
- Professional body disciplinary action; ASIC referral; civil liability
- Regulator
- ASIC and TPB
- Jurisdiction
- Commonwealth (national)
Other obligations where accountants & bookkeepers differ from the norm
- Comply with Australian sanctions law + screening (DFAT): Yes
- Comply with the TASA Code of Professional Conduct: Yes
- Customer due diligence (KYC) on every customer: Yes
- Designate an AML/CTF Compliance Officer: Yes
- Detect + enhance due diligence on Domestic + Foreign PEPs: Yes
- Enrol with AUSTRAC as a reporting entity: Yes
- All 23 answers for accountants & bookkeepers
Questions
- Does APES 110 Code of Ethics for accountants apply to accountants and bookkeepers?
- Yes. This obligation applies to accountants and bookkeepers whatever their structure or size. The deciding fact: Industry: Accountants & bookkeepers.
- Is the answer the same for every industry?
- No. For 34 of the 35 industries Rules Mate maps, the answer is no. Accountants & bookkeepers is one of 1 industries with a different answer.
Related
Sources
Computed by the Rules Mate applicability engine from the published obligation corpus; facts last checked 3 October 2026. Rules Mate is not a law firm and this is general information, not legal advice. Confirm your position with the regulator source or a qualified adviser before acting.