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The International Ethics Standards Board for Accountants (IESBA) serves the public interest by setting high-quality ethical standards for professional accountants and by facilitating the convergence of international and national ethical standards, including auditor independence requirements, through the development of a robust, internationally appropriate code of ethics.
SPOTLIGHT ON
Ethics Survey: Breach of an Independence Requirement
The IESBA is seeking feedback from directors and audit committee members on its proposals to strengthen the framework that would apply when there has been a breach of its independence requirements. The proposals state that, when an independence requirement is breached, the audit firm would be required to discuss this breach (regardless of the significance of the breach) with those charged with governance, such as the audit committee, as soon as possible. The firm would also be required to discuss the remedial actions it proposes to take and obtain the audit committee’s concurrence that the actions are satisfactory.
If you are a director or audit committee member, please take the short survey now: www.research.net/s/IESBA-Survey-Breach-of-an-Independence-Requirement
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LATEST PUBLICATIONS & RESOURCES
IESBA Adds Additional Workstreams to Its Strategy and Work Plan
IESBA Annual Reports and PlansProposed Change to the Definiton of "Engagement Team"
IESBA Exposure Drafts and Consultation Papers
Comments due by: May 30, 2012
Submit a commentIESBA Code of Ethics High Level Summary of Prohibitions Applicable to Audits of Public Interest Entities
IESBA Guidance & Support Tools
