Press Releases/News Alerts
Oct 07, 2011
Find more news & events related to:
IFAC Seeks Chair for the International Ethics Standards Board for Accountants
The International Ethics Standards Board for Accountants (IESBA) is an independent standard-setting body that develops and issues the Code of Ethics for Professional Accountants. The Code includes standards on auditor independence but is intended to apply to the actions and decisions of all professional accountants, including those in business. The structures and processes that support the operations of the IESBA are facilitated by the International Federation of Accountants (IFAC).
On behalf of the IESBA, IFAC is seeking an exceptional individual to serve as a Chair on a remunerated basis, for a minimum of 100 days per year, beginning January 2013. By mutual agreement this commitment could be increased up to and including a full time role. The IESBA Chair is appointed for a three-year term by the IFAC Board with approval by the Public Interest Oversight Board.*
The objective of the IESBA is to serve the public interest by setting, independently and under its own authority, high-quality ethical standards for professional accountants and by facilitating the convergence of international and national ethical standards, thereby enhancing the quality and consistency of services provided by professional accountants throughout the world and strengthening public confidence in the global accountancy profession. The Chair provides leadership to the IESBA in achieving these objectives. A key function of the Chair is to enable, encourage, and promote a deeper understanding by stakeholders and the public of the strategies and activities of the IESBA.
The Chair will also lead the strategic direction of the IESBA, working closely with IESBA senior staff, and facilitate the deliberative and consultative processes that underpin the authority of the IESBA and the legitimacy of its standards and activities. In addition, the Chair will be involved in developing and maintaining effective relationships with national standard setters, regulators, and other key stakeholders.
The successful candidate should have effective leadership, communication, and strategic skills; demonstrated technical and professional competency; and a commitment to the IESBA and its mission to protect the public interest. He or she will have very significant and senior experience. Exposure to professional ethical issues at a national, regional, or international level would be an asset, as would familiarity with regulatory and standard-setting processes. Only individuals who possess the highest integrity will be considered. The position is not restricted to professional accountants. However, any professional accountant applying for the position must have had no direct relationship with an audit firm for at least three years.
For further information about the position, please see the Call for Applications, Chair of the IESBA on the IFAC website at www.ifac.org/careers. Applications are due by February 10, 2012.
*Notes to Editors
The international Public Interest Oversight Board (PIOB) was established in February 2005 to ensure that international auditing and assurance, ethics, and education standards for the accountancy profession are set in a transparent manner that reflects the public interest. The objective of the PIOB is to increase confidence of investors and others that such activities, including the setting of standards by the IESBA, are properly responsive to the public interest. PIOB members are nominated by international institutions and regulatory bodies.
IFAC is the worldwide organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC’s current membership consists of over 164 professional accountancy bodies in 125 countries, representing approximately 2.5 million accountants in public practice, education, government service, industry and commerce. In addition to supporting the setting of ethical standards through the IESBA, IFAC supports the setting of auditing and assurance, education, and public sector accounting standards and develops guidance to encourage high-quality performance by professional accountants in business.
# # #