This article discusses the violation of Corporations Act, 2001 by accountants and the exposure draft of an amendment to an existing accounting standard. It evaluates the APES 110 code of ethics for professional accountants and the possible outcome of the trial. It also covers the post-implementation review of IFRS 13: Fair Value Measurement and the comments from stakeholders. The article provides study material, solved assignments, essays, and dissertations on Desklib.