Unethical business practices harm organizations and economies. Large-scale business failures such as Enron—as well as the more recent failures related to the global financial crisis—highlight the consequences of unethical business practices and amoral management. Professional accountants, as stewards of transparency and trust, and subject to a professional code of ethics, have a key role to play not only in upholding but in encouraging and influencing ethical behavior and decision making within their organizations. Read More

 

Developing the SMP Committee Response: The Code of Ethics and Non-Assurance Services for Audit Clients

by Christopher Arnold, Technical Manager, SME & SMP Affairs, IFAC | July 22, 2014 | 1

The IESBA has proposed changes to certain provisions of the Code of Ethics for Professional Accountants addressing non-assurance services for audit clients. The IFAC Small and Medium Practices Committee has developed preliminary views in response to the IESBA Exposure Draft and is keen to share these views and receive feedback the accountancy community. Read More

 2 Recommended


Weaving Ethics into the Conversation: The IESBA Code and Ethical Norming
by Tanya Barman, Head of Ethics, CIMA | June 18, 2014 | 1

With an almost universal recognition of the connection between ethical behavior and economic growth, it is time for corporate leaders—and professional accountants—to stop lagging behind and pay attention. Read More

 1 Recommended


Ethics and Trust
by Gary Pflugrath, Director, Public Policy & Regulation, IFAC | June 2, 2014 | 3

Does the accountancy profession benefit from, or is it disadvantaged by, the focus on mistrust? The notion of trust for the profession brings to the fore the importance of the Code of Ethics for Professional Accountants (the Code)—both its very existence and the obligation imposed on professional accountants to comply with it.  Read More

 2 Recommended


Confidentiality versus Whistleblowing in the Public Interest—Debating the Responsibility of Professional Accountants
by Paul Thompson, Director, SMP & SME Affairs | April 17, 2014 | 2

In May-July 2014, the IESBA will be holding a series of three global roundtables to gain additional feedback on its project to address professional accountants’ responsibilities regarding the disclosure to an appropriate authority of suspected non-compliance with laws and regulations. Read More

 1 Recommended


How Best to Respond to Ethical Challenges in Business
by Stathis Gould, Head of Professional Accountants in Business, IFAC | December 14, 2013 |

Most accountants in business and the public sector, whether working in a small organization or serving as the CFO of an international corporation, face ethical dilemmas during their professional careers. Ethical dilemmas come in many forms and accountants sometimes need support to address complex and challenging conflicts. Accountants may also treat ethical dilemmas as "business decisions" and not utilize their professional code to assess potential courses of action. Read More

 4 Recommended

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