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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